Wednesday, April 30, 2014

Mission accomplished: U.S. health-care spending soars nearly 10 percent in first quarter, most since 1980 « Hot Air

Mission accomplished: U.S. health-care spending soars nearly 10 percent in first quarter, most since 1980 « Hot Air: "That’s from Philip Klein, who notes that spending also rose 5.6 percent in the fourth quarter of 2013 as the first few million O-Care sign-ups came onto the rolls. If you’re worried that a program that was sold in part on its ability to lower health-care spending can’t possibly be defended for raising health-care spending, relax. The first rule of ambitious liberal programs is that there are no trade-offs, at least in theory; that’s why Obama was able to blithely reassure people for years that they could keep their plan if they liked their plan, even though the whole point of O-Care was to force consumers from the old insurance market into the new one. Conn Carroll and Gabe Malor are having tons of fun on Twitter noting how Think Progress, in particular, has gone from cheering the slowdown in health-care spending over the past few years to cheering the skyrocket in health-care spending today."



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