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March 23, 2010
Jane Hamsher on the Myths of Pelosi's Historic Bill
18 myths demolished, mostly from a lefty point of view, but many of them simply repudiating Obama's claims.
Here's Obama's idea of "bending the cost curve:"
Myth 11: The bill "bends the cost curve" on health care.
Fact: "Bends the cost curve" is a misleading and trivial claim, as the U.S. would still spend far more for care than other advanced countries.
In 2009, health care costs were 17.3% of GDP.
Annual cost of health care in 2019, status quo: $4,670.6 billion (20.8% of GDP)
Annual cost of health care in 2019, Senate bill: $4,693.5 billion (20.9% of GDP)
A tenth of a percent increase over projections of increasing premiums in the status quo.