BREAKING: ObamaCare won’t reduce the deficit. Of course, you already knew that. Unfortunately, the Obama Administration and Democrats in Congress still insist that the Patient Protection and Affordable Care Act (PPACA) will be good for taxpayers.
But a new report from Charles Blahous, a Medicare Trustee and senior research fellow at the Mercatus Center, once again exposes ObamaCare as a boondoggle for taxpayers, what opponents of the law have been saying since before it was passed, that will add $340 billion to the deficit over the next 10 years.
The study [released yesterday] by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.