Obama Confuses Decades, Inflates Estimated Health Care Savings by $868B

Zoom-boing

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Oct 30, 2008
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Numbers be damned, full speed ahead.

"Our cost-cutting measures mirror most of the proposals in the current Senate bill, which reduces most people's premiums and brings down our deficit by up to $1 trillion dollars over the next decade because we're spending our health care dollars more wisely," Obama told an audience at Arcadia University in Glenside, Pa., a suburb north of Philadelphia.

Obama was so proud of these cost-saving numbers in the latest version of health care reform, he delved into a bit of Washington-speak to back them up.

"Those aren't my numbers," Obama said to the rising applause of the estimated 1,300 in attendance. "They are the savings determined by the Congressional Budget Office, which is the nonpartisan, independent referee of Congress for what things cost."

But the budget office did not say the Senate health care bill would save $1 trillion over the next decade -- or even close to that figure.

It estimated the bill would save $132 billion from 2010 to 2019, leaving Obama's "next decade" estimate $868 billion short.


When contacted about this disparity, a White House official said Obama meant to say the Senate bill would save $1 trillion in its second decade -- a projection that would more closely match congressional analysts' estimates.

The budget office, in estimating possible second-decade savings of up to $1 trillion, also cautioned against putting too much stock in figures for a period so far in the future: "A detailed year-by-year projection for years beyond 2019 ... would not be meaningful, because the uncertainties involved are simply too great."
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"We have debated health care in Washington for more than a year," Obama said. "Every proposal has been put on the table. Every argument has been made. The need is great, the opportunity is here. Let's seize reform. It's within our grasp."

FOXNews.com - Obama Confuses Decades, Inflates Estimated Health Care Savings by $868B
 
In an unrealted story

Neither mentioned that the Senate health reform bill, which is the basis for Democrats' last best chance at comprehensive reform, would give the insurance companies millions of new customers required by law to buy health insurance. It would also require insurers to cover everyone, regardless of age, gender or pre-existing condition.

To help pay for the new insurance requirements the government would give to people money to buy insurance - $336 billion over the next ten years. That money, ultimately, would have to go to... drum roll... insurance companies.

A Complicated Enemy: Obama Seeks to Vilify Health Insurers, Give Them $336 Billion Check - The Note
 
I would have said that he just misspoke but when they asked him about it later he, he didnt say that he misspoke. He tried to justify it. Said that "He was talking about the next 10 years" or something like that.
 

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