healthmyths
Platinum Member
- Sep 19, 2011
- 29,009
- 10,513
Obama in 2009 told a joint session of Congress the following.
"And if we are able to slow the growth of health care costs by just one-tenth of 1 percent each year --
one-tenth of 1 percent -- it will actually reduce the deficit by $4 trillion over the long term."
Remarks by the President to a Joint Session of Congress on Health Care
So how long is the "LONG TERM"???
In 2009 Health care costs were $2.5 Trillion.
1/10th of 1 percent is $2.555 billion.
It will take 1,600 years to reduce the deficit by $4 trillion at $2.5 billion.1,600 years!
So today how long would it take to reduce health care costs today of $3.1 trillion...
Thanks in large part to the expansion of coverage under Obamacare, health care spending in the U.S. is projected to have hit $3.1 trillion, or $9,695 per person, last year. That's an increase of 5.5%, according to federal estimates released Tuesday. It's the first time the rate would exceed 5% since 2007.
Health care spending expected to grow faster
Not only is Obama totally math deficient that even a 5th grader knows how to figure out it would take
1,600 years to reduce the deficit, but what in the hell was the linkage between reducing health care costs
$2.5 billion a year have with reducing the deficit by $4 trillion?
Especially since this totally math idiot has caused the national debt to rise to $18,150,206,527,000!
When Obama started the national debt was: $10.626 trillion
"And if we are able to slow the growth of health care costs by just one-tenth of 1 percent each year --
one-tenth of 1 percent -- it will actually reduce the deficit by $4 trillion over the long term."
Remarks by the President to a Joint Session of Congress on Health Care
So how long is the "LONG TERM"???
In 2009 Health care costs were $2.5 Trillion.
1/10th of 1 percent is $2.555 billion.
It will take 1,600 years to reduce the deficit by $4 trillion at $2.5 billion.1,600 years!
So today how long would it take to reduce health care costs today of $3.1 trillion...
Thanks in large part to the expansion of coverage under Obamacare, health care spending in the U.S. is projected to have hit $3.1 trillion, or $9,695 per person, last year. That's an increase of 5.5%, according to federal estimates released Tuesday. It's the first time the rate would exceed 5% since 2007.
Health care spending expected to grow faster
Not only is Obama totally math deficient that even a 5th grader knows how to figure out it would take
1,600 years to reduce the deficit, but what in the hell was the linkage between reducing health care costs
$2.5 billion a year have with reducing the deficit by $4 trillion?
Especially since this totally math idiot has caused the national debt to rise to $18,150,206,527,000!
When Obama started the national debt was: $10.626 trillion