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‘The Real Winners’ – Paul Krugman

Via: NYT

So the Supreme Court — defying many expectations — upheld the Affordable Care Act, a k a Obamacare. There will, no doubt, be many headlines declaring this a big victory for President Obama, which it is.

But the real winners are ordinary Americans — people like you.

How many people are we talking about? You might say 30 million, the number of additional people the Congressional Budget Office says will have health insurance thanks to Obamacare. But that vastly understates the true number of winners because millions of other Americans — including many who oppose the act — would have been at risk of being one of those 30 million.

So add in EVERY AMERICAN who currently works for a company that offers good health insurance but is at risk of losing that job (and who isn’t in this world of outsourcing and private equity buyouts?); EVERY AMERICAN who would have found health insurance unaffordable but will now receive crucial financial help; EVERY AMERICAN with a pre-existing condition who would have been flatly denied coverage in many states (SEE PHOTO).

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But what about the cost?

Put it this way: the budget office’s estimate of the cost over the next decade of Obamacare’s “coverage provisions” — basically, the subsidies needed to make insurance affordable for all — is about only a third of the cost of the tax cuts, overwhelmingly favoring the wealthy, that Mitt Romney is proposing over the same period.

True, Mr. Romney says that he would offset that cost, but he has failed to provide any plausible explanation of how he’d do that.

 The Affordable Care Act, by contrast, is fully paid for, with an explicit combination of tax increases and spending cuts elsewhere.

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Please read more, HERE:

http://www.nytimes.com/2012/06/29/opinion/the-real-winners.html?_r=1

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June 30, 2012 - Posted by | 2012, GOP morons, President Obama, Romney | , , , , , , , , , , ,

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