Unaffordable Obamacare

     The financial news couldn't be worse for Obamacare.  As predicted by Conservatives, the White House's signature legislative piece is rapidly being shown as  a major fiscal disaster both for the nation and for individuals.

      A report from the CMS Office of the Actuary notes that national health care spending is expected to reach $4.6 trillion by 2020, a significant hike from the projected $2.7 trillion this year. This stunning figure would account for 19.8% of overall U.S. spending, according to California Healthline. The report notes that although this year's rate of growth was comparatively low at 3.9%, the rate will soar to 8.3% in 2014 when most of Obamacare takes effect, and continue going up by about 6.2% thereafter. 

     For individuals, The San Francisco Chronicle notes,  "Obamacare has done little thus far to slow the growth of American health spending. In fact, the federal health care reform effort is already increasing the share of spending shouldered by taxpayers...As the law's various provisions begin to take effect, the pace of spending will only accelerate."

   The Washington Times reports that the program is already predicted to be an 87% cost overrun less than two years from its passage.  Ironically, the Washington Times notes, even at these dramatic costs, the legislation still leaves 27 million Americans without health insurance, the original purpose for which it was ostensibly passed.

   As Conservatives, we know increasing coverage to the uninsured was the excuse, not the real motive, for passage of this boondoggle.  The real reason--becoming clearer by the minute--is the nationalization of this huge portion of the U.S. economy, a long-standing Leftist goal.