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More analysis of the Obama Health Care plan November 12, 2008

Posted by neoavatara in Politics.
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http://news.yahoo.com/s/nm/20081112/pl_nm/us_usa_obama_healthcare;_ylt=Aqo_0LmxJ60hb_7Gn4tOtpys0NUE

  • Cost:  $75 billion a year.  Or about $2500 per patient.  (Reasonable costs, in my opinion, if true).
  • Cost would increase to $130 billion by 2018, or a total of $1 trillion cumulatively.
  • Would worsen deficit of primary care physicians.

But here are two key quotes to focus on:

“Unless costs are cut, growing health care costs will increase the costs of Obama’s plan dramatically over time and reduce the effectiveness of mandates. This could make the federal costs unsustainably high,” the report read.

AND….

“Obama’s proposal is likely to increase revenues but lower margins for providers, pharmaceutical companies and health plans that increasingly depend on government payment,” the report read.

And this is the best case scenario.  Let the debate begin.

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