Tuesday, March 20, 2012

Denial River

What is it with people completely ignoring reality? In this case, it's the folks at the Congressional Budget Office (CBO). Last time we checked, they'd just realized that ObamneyCare© is going to cost over $1.7 trillion to implement, or roughly double what they'd previously projected.

Their current delusion is that ObamneyCare© won't lead to the mass extinction of the group health insurance market, despite widespread evidence that it will:

"Forecasters at the Congressional Budget Office (CBO) ... are refusing to predict that [ObamneyCare©] will lead to a sharp drop in enrollment in employer-sponsored health plans ... will require most employers over a certain size to offer health coverage ... will permit the employers to get out of offering coverage by paying a penalty for each employee"

Hmmm, let's see: Tens of thousands of dollars and major administrative headaches to comply with constantly changing plan design rules, or a few thou in fines.

The technical term here is: easy-peasy, lemon-squeezy.

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