Sunday, October 30, 2016

ObamaCare’s Imagined Reduced Costs

          
We should always prevent illness. But prevention may actually increase costs not reduce them. So, spending must be cost-effective over the years.
                                    
Back on Aug.7, 2009, in a  letter to Rep. Nathan Deal, Congressional Budget Office Director Doug Elmendorf’s aide, said: "Researchers who have examined the effects of preventive care, generally find that the added costs of widespread use of preventive services tend to exceed the savings from averted illness."

"It is usually necessary to provide preventive care to many patients, most of whom would not have suffered that illness anyway." This costs money that would not have been spent.
                     
The study came directly from the respected Congressional Budget Office. And it refuted the claim for savings that will flow from ObamaCare. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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