Home > Healthcare > Obama’s healthcare proposal does all the wrong things

Obama’s healthcare proposal does all the wrong things

I could easily tell you that the President’s healthcare reform plan will do significant damage to the economy and little to truly “reform” healthcare.  Even I would know that.  But what do I know?

Harvard professor Greg Mankiw:

[T]he new proposal would do less to bend the curve of rising healthcare costs and more to impede long-run economic growth. This change was probably made to attract more House Democrats. It will likely make the plan even less attractive to congressional Republicans.

A year ago when the debate over healthcare reform began in earnest, the administration focused on the fiscal benefits of reform—-lowering costs, the overall positive effect on federal budget deficits, etc.  That all seems to be out the window.  Nothing in the Senate bill or the President’s proposal addresses the issue of the rising cost of healthcare in this country.  Taxing higher income earners, capping insurers rates, fees on medical devices—all of this just accomplishes the opposite.

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