NewsMax | By Henry J. Reske and Ashley Martella | Monday, 28 Mar 2011 12:25 PM
President Barack Obama’s highly touted healthcare reform law offers bad medicine at higher costs for patients, healthcare expert James Capretta tells Newsmax.TV.
Obamacare will propel rationed services, limit Medicare coverage options for seniors, and create a huge new bureaucracy to run it, says Capretta, co-author of a new book, “Why Obamacare Is Wrong for America.”
In other words, the Patient Protection and Affordable Care Act signed into law a year ago March 23 doesn’t live up to its name, because it will do neither, Capretta said during the exclusive interview with Newsmax.TV.
“Rationing occurs when the government pays a very low rate for a service so low that the suppliers of the service no longer are willing to supply it so they leave the marketplace,” said Capretta, who was the top budget official for healthcare during the George W. Bush administration. “So, people then have fewer options to go see and get that service. That’s what’s happening under this law.