Melissa Bean's Healthcare101 - Part 9 of 13

From the Palatine Tea Party…

(Palatine, Illinois) – In response to the letter Melissa Bean wrote to the constituents in district 8 dated April 16, 2010. We will respond to each of her statements Melissa Bean made based on emotion with factual responses where she stated the following:

“Taxpayer expect accountability. Health Insurance reform is as important to America’s fiscal health as it is to our physical health. Currently the U.S. spends twice as much, as a percentage of GDP, than other industrialized nations on health care, while an estimated 45 million people are uncovered. At a time when our nation’s debt exceeds $12 trillion, H.R. 3950 provides the most significant deficit reduction in more than a decade. According to the non-partisan Congressional Budget Office, this bill cuts our federal deficit by $1.3 trillion over 20 years…”

Firstly, we know of no economist, actuary or accountant in the private sector that would ever attempt to score the cost of a piece of legislation (certainly one of this size) out over a 20 year period and we’ve already exposed the “fuzzy math” used by this administration to hide the REAL cost of this legislation. President Harry Truman’s famous words apply perfectly to the scoring of this legislation. He said : “Those who do not know history are doomed to repeat it. In 1965 the Fed projected that costs for Medicare Part A would be $9 Billion. It ended up costing $67 BILLION! The Medicaid special hospital subsidy was supposed to cost $100 MILLION. Instead the real cost was $11 BILLION! That’s ONE HUNDRED TIMES GREATER!

Government has NO HISTORY of fiscal responsibility. Once a new entitlement is established it grows exponentially as time passes. These are simply the historical facts. We need only look at the current insolvency of Medicare, Medicaid, Social Security, Fannie Mae, Freddie Mac & even the Post Office. In fact, Social Security & Medicare alone have a combined unfunded liability of $84 Trillion.

Palatine Tea Party

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