Surprise, Surprise Obamacare Will Increase the Costs of Health Care

Medicare's Office of Actuary reports that Obamacare will increase health care costs, not decrease costs as Obama and the Democrats say it will. The report projected that Medicare cuts could drive about 15 percent of hospitals and other institutional providers into the red, "possibly jeopardizing access" to care for seniors.

Further, the Health and Human Services Department concludes that adding 34 million people to the health care rolls will raise costs by at least one percent. The increase in cost are expected to be even larger since the medicare cuts are predicted to unsustainable.

From the AP:

The report acknowledged that some of the cost-control measures in the bill — Medicare cuts, a tax on high-cost insurance and a commission to seek ongoing Medicare savings — could help reduce the rate of cost increases beyond 2020. But it held out little hope for progress in the first decade.

"During 2010-2019, however, these effects would be outweighed by the increased costs associated with the expansions of health insurance coverage," wrote Richard S. Foster, Medicare's chief actuary. "Also, the longer-term viability of the Medicare ... reductions is doubtful." Foster's office is responsible for long-range costs estimates.

Republicans said the findings validate their concerns about Obama's 10-year, nearly $1 trillion plan to remake the nation's health care system.

"A trillion dollars gets spent, and it's no surprise — health care costs are going to go up," said Rep. Dave Camp, R-Mich., a leading Republican on health care issues. Camp added that he's concerned the Medicare cuts will undermine care for seniors.

Entepreneur Steve Wynn Says U.S. No Longer a Good Place to do Business

Gaming titan Steve Wynn, who's created thousands of jobs and enriched the lives of many Nevadans, may move his headquarters to China.  He feels that the United States is no longer a good place to do business. 

From the Las Vegas Review-Journal:

Mr. Wynn, in Macau for the opening of his hotel expansion, told CNBC Wednesday that he might move his company's headquarters from Las Vegas to China.


"The governmental policies in the United States of America are a damper, a wet blanket," Mr. Wynn said in a different interview on Bloomberg Television. "They retard investment, they retard job formation, they retard the creation of a better life for the citizens in spite of the rhetoric of the president.


"I don't think the Las Vegas market at the moment beckons a large investment," Mr. Wynn said. "The economic outlook in the United States, the policies of this administration, which do not favor job formation, do not encourage investment at all."


Mr. Wynn is no partisan hack, and we hope he sticks around. But even the most economically unsophisticated taxpayer should be concerned when one of this country's most successful entrepreneurs -- and the chief executive of a publicly traded corporation -- declares that this country is no longer a good place to do business.

ACORN Chief Bertha Lewis Calls Tea Parties a Bowel Movement

On March 25, 2010, ACORN boss Bertha Lewis gave a speech to the Democratic Socialists of America in which she called the Tea Parties a bowel movement. She followed the leftist meme of tying the Tea Parties to racism. Class is not something most leftists possess. See video below.

Thankfully, The U.S. Court of Appeals for the Second Circuit has issued a stay on the December 2009 injunction by Clinton-appointed Judge Nina Gershon that declared the Association of Community Organizers for Reform Now (ACORN) funding ban was unconstitutional. At least for now we taxpayers aren't funding this leftist criminal front group for the Democrats.