Obama can't admit that he is bending the famous cost curve upward, any more than he can admit that the House plan might throw millions of people out of their private coverage or that the bill will -- despite its raft of new taxes -- add another $239 billion to the deficit over 10 years. In its latest missive, the CBO says the numbers get even worse beyond the 10-year window. So the entire budgetary rationale of ObamaCare -- improving the nation's long-term fiscal outlook -- has been obliterated.
Obama's plan is becoming one of the most implausible and thoroughly discredited free lunches in American history. Asked at his recent press conference what sacrifices people would have to make in the cause of reducing costs, Obama said, manfully, that "they're going to have to give up paying for things that don't make them healthier." As if the only factor adding to costs is greedy otolaryngologists extracting kids' tonsils unnecessarily, the strange anecdote of wasteful health spending that Obama invoked at his presser.
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