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Exclusive: Leading Democrat Admits ObamaCare Does Not Address Healthcare Cost Containment

Jim Oakland Wrote: Apr 26, 2013 1:13 PM
It is truly amazing how stupid everyone is on the subject of heath are cost. Increasing the demand increases the cost; increasing the supply reduces the cost. Anything more complicated than that is a mental error.

During a subcommittee hearing on Capitol Hill yesterday, Democratic Rep. Jackie Speier told Republicans and witnesses ObamaCare is here to stay but admitted the bill does nothing to contain or reduce healthcare costs despite the official name of the legislation being "The Affordable Care Act."

"There are issues we have to address in the Affordable Care Act around cost containment because the bill does not address that."

Analysts have been saying for years that ObamaCare wil increase, not decrease costs. Just recently we learned the average...