Obamacare: More Gold For Garbage

Part of the Obama Administration’s promise to the American people regarding Obamacare was that the enormous waste in America’s medical expenses would be reduced. The reversal of that promise has already begun, with the Administration’s announcement on April 1st, that is will increase instead of (as had been promised) decrease, taxpayer subsidies to private health insurance companies.

Estimates of this waste already range generally around 40%. On 15 May 2007, Reuters headlined “US Health Care Expensive, Inefficient: Report,” and announced: “Americans get the poorest health care and yet pay the most compared to five other rich countries,” according to a study by the Commonwealth Fund. “The U.S. health care system ranks last compared with five other countries on measures of quality, access, efficiency, equity, and outcomes.” In other words, the U.S. was paying gold for garbage…



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