Monday, November 4, 2013

Dog and Pony Show

In 2008, unpaid medical costs incurred by the uninsured was estimated by the CBO as 116 billion dollars.This was a result of the Emergency Medical Treatment and Active Labor Act, an act of congress in 1986, that is unfunded. Obamacare is estimated to cost 1.36 trillion by 2023. That averages out to 136 billion dollars per year. In simple math, it would have been cheaper to just pay the bills, but there is more. According to this, the estimates for free riders is grossly overstated, and makes the whole of Obamacare nothing but a dog and pony show. Prove otherwise.

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