The largest fiction of all, however, is the contention that ObamaCare will reduce America's health care costs. Some 32 million people eventually will be covered. Families of four earning as much as $88,000 per year will be eligible for health-care tax credits.
The Senate bill established an excise tax on so-called Cadillac health care plans -- the House stalled the starting date for this tax from 2013 to 2018 -- with the argument that only a tax on employer-funded plans can prompt consumers to cut costs. But how? New plans will have to cover the full freight for preventive care, including annual physicals.
Pelosi boasted the measure would "end insurance company discrimination based on pre-existing conditions." Forcing insurers to cover those with pre-existing conditions is a good thing. But do not tell me it will reduce costs.
And don't tell me that the typical family will save $2,500. You see, you have to be elected to Washington to buy that brand of new math.
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