Healthonomics 101 (Townhall.com) March 12, 2010

One of the cardinal rules of politics is, as they said in Watergate, to “follow the money.”

Courtesy of Townhall.com

Unfortunately no one seems to be paying much attention to the economics of this healthcare bill.

The biggest problem with healthcare today is rising costs, yet this bill will do absolutely nothing about that. Instead, it adds $2.5 trillion in new costs in the first 10 years alone—not counting the increased use of healthcare that will surely result.

It raises taxes selectively, and behind the scenes, to a tune of $500 billion. It cuts $120 billion from Medicare Advantage. It grows an expansive and expensive new bureaucracy.

The well-known book Freakonomics was subtitled, “the hidden side of everything.” Believe me, we will need to write a new chapter of that book on “Obamanonics” if Obamacare is enacted.

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