Obama repeats healthcare savings whopper
Repeating a lie doesn't make it a fact.
A lot of people commented over the weekend about Obama’s statement to C-SPAN that “we’re out of money.” But lost in the hubbub is his repeat of a healthcare savings whopper (at around 2:30):
“One of the very promising areas that we saw was, these insurance companies, drug companies, hospitals, all these stakeholders coming together, committing to me, that they would reduce costs by 1.5% per year. If we do that — seems like a small number — ya end up saving $2 trillion.”
As we noted last week, this is not what these stakeholders promised. They promised to work to reduce costs by 1.5% within 10 years, not per year. Obama’s restatement of this fib (and the $2 trillion estimate — which could not reasonably be saved under the actual agreement), as far as I can tell, have gone unchallenged.