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With just ten days to go until Obamacare's insurance exchanges begin, President Barack Obama touted the crony capitalist benefits of his healthcare overhaul to corporate executives Thursday.
"The cost of healthcare is now growing at the slowest rate in 50 years," Obama said to members of his Export Council. "If the current trends hold... we're going to see a continuing slowing of healthcare costs. That's going to boost our exports."
Obama added: "It turns out actually a lot of what we've done is starting to bear real fruit."
However, according to a report released Wednesday from Medicare's Office of the Actuary, U.S. healthcare spending will jump by 6.1% next year—a figure 2% higher than the growth rate—due to Obamacare. Furthermore, according to Investor's Business Daily's running Obamacare scorecard, at least 301 businesses have already laid off thousands of workers and are slashing workers' hours to avoid government fines and penalties.
All I know is, if I can get the same or similar benefits with less cost with the Affordable Care act, you better believe I will dump my current plan (which is been increasing over the past few years) for this. And if I-and others—are paying less, it would be unwise for Republicans to defund it unless they can immediately find/draft/pass a suitable replacement (single payer, etc).
This, of course, remains to be seen.
reply to post by xuenchen
Let me guess.............he is speaking of the Durian fruit???? You know, the one that stinks so bad it is forbidden to eat in public places????
Growing at a slower rate is still growing. Health Care in this country is absurd... it's beyond absurd. The only way to truly tackle the health insurance debacle is to revoke Corporate charters of those insurance and medical supply corporations that do not act in the best interest of the people. That's how we are supposed to handle corporations that get out of control.