Thursday, July 30, 2009

The Most Destructive Disease | Richard W. Rahn | Cato Institute: Commentary

The Most Destructive Disease | Richard W. Rahn | Cato Institute: Commentary: "Those infected tend to lose judgment, values, principles and sense of honesty as well as common sense. They say silly things like, 'I will vote for (or support) this (1,000-page) bill because it is absolutely necessary to protect the American people and we must do it now' — having never read the bill, having only a vague idea of its provisions, having no idea whether it will do more good or harm and having no idea of what a billion dollars is, let alone a trillion dollars."

'A leading orthopedic surgeon, Dr. Robert P. Nirschl, wrote: "... the House version of health reform is in direct opposition to the Hippocratic Oath. The Obama pledge that patients can still see their own doctor is a blatant mistruth and irrelevant as the doctor will no longer be free to act in the best interest of the patient. The AMA endorsement of the bill as drafted is astounding and does not represent the position of most physicians in clinical private practice."'

'President Obama often exhibits Washingtonosis, as illustrated by his contradictory claims that his health care proposal will: save money (despite the fact that the Democrat-controlled Congressional Budget Office finds the opposite), provide top-quality care for everyone, not impose health care rationing, not require tax increases on the middle class, and not blow another billion-dollar hole in the budget. As Lawrence A. Hunter, former staff director of the Congressional Joint Economic Committee and now chairman of the Social Security Institute, has noted: "The circle cannot be squared; it is a logical impossibility." Mr. Hunter also said: "At its inception in 1966, Medicare cost $3 billion per year. At that time, the ... U.S. House of Representatives projected 'conservatively' the program would cost approximately $12 billion a year by 1990. In 1990, the cost of Medicare was actually $107 billion, nine times higher than estimated."'

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