BELOW ARE SOME HIGHLIGHTS, interspersed with comments, from BO’s much-anticipated address to the two chambers—an address that was, overall, thin gruel. For those who’ve switch off to preserve their health, the text to the president’s speech on “the need to overhaul health care in the United States” is here. I provided a rights-based primer in a previous post, “Preparing For Unhealthy Propaganda.”

“I am not the first President to take up this cause, but I am determined to be the last.” [The historical president’s quest to continue to make history …]

“There are now more than thirty million American citizens who cannot get coverage.” [Not so. See “Destroying Healthcare For The Few Uninsured.”]

“Those who do have insurance have never had less security and stability than they do today. More and more Americans worry that if you move, lose your job, or change your job, you’ll lose your health insurance too.” [The answer is to create the conditions for jobs in the private economy, not to kneecap job creators, Chicago style.]

“Then there’s the problem of rising costs.” [The solution is A Free Market in Medical Care, which we lack.]

“There are those on the left who believe that the only way to fix the system is through a single-payer system like Canada’s, where we would severely restrict the private insurance market and have the government provide coverage for everyone. On the right, there are those who argue that we should end the employer-based system and leave individuals to buy health insurance on their own.”

“I have to say that there are arguments to be made for both approaches. But either one would represent a radical shift that would disrupt the health care most people currently have. Since health care represents one-sixth of our economy, I believe it makes more sense to build on what works and fix what doesn’t, rather than try to build an entirely new system from scratch. And that is precisely what those of you in Congress have tried to do over the past several months”

“The plan I’m announcing tonight would meet three basic goals:

It will provide more security and stability to those who have health insurance. It will provide insurance to those who don’t. And it will slow the growth of health care costs for our families, our businesses, and our government.” [Only in defiance of the laws of economics.]

“First, if you are among the hundreds of millions of Americans who already have health insurance through your job, Medicare, Medicaid, or the VA, nothing in this plan will require you or your employer to change the coverage or the doctor you have. Let me repeat this: nothing in our plan requires you to change what you have.

What this plan will do is to make the insurance you have work better for you.

“Now, if you’re one of the tens of millions of Americans who don’t currently have health insurance, the second part of this plan will finally offer you quality, affordable choices. If you lose your job or change your job, you will be able to get coverage. If you strike out on your own and start a small business, you will be able to get coverage. We will do this by creating a new insurance exchange – a marketplace where individuals and small businesses will be able to shop for health insurance at competitive prices.” [About this “exchange” BO wants to breathe life into: what he’s describing is a phony “market place” brought about by flesh-and-blood central planners. If that were possible the Soviet Union would not have collapsed. Pray tell, where in the world—and in history—have command economists “designed” functioning, efficient, fair markets?]

“For those individuals and small businesses who still cannot afford the lower-priced insurance available in the exchange, we will provide tax credits, the size of which will be based on your need. And all insurance companies that want access to this new marketplace will have to abide by the consumer protections I already mentioned.”

COERCION KICKER: “individuals will be required to carry basic health insurance – just as most states require you to carry auto insurance. Likewise, businesses will be required to either offer their workers health care, or chip in to help cover the cost of their workers.” [BO forgot to mention that so-called Cadillac coverage amounting to $800,000 per annum will be taxed to the tune of 35 percent. Just saying.]

BO is nothing if not benevolent: “Now, I have no interest in putting insurance companies out of business.”

Can BO count?: “I have insisted that like any private insurance company, the public insurance option would have to be self-sufficient and rely on the premiums it collects. … based on Congressional Budget Office estimates, we believe that less than 5% of Americans would sign up.” [And this 5 percent will pay through premiums alone for a $900 billion plan over a decade? How on earth?]

“I will not sign a plan that adds one dime to our deficits – either now or in the future. Period. And to prove that I’m serious, there will be a provision in this plan that requires us to come forward with more spending cuts if the savings we promised don’t materialize.” [What do they know, but the CONGRESSIONAL BUDGET OFFICE disagrees, writing, on June 15, 2009, that “enacting the proposal would result in a net increase in federal budget deficits of about $1.0 trillion over the 2010–2019 period.” Where did these professional number crunchers go wrong?]

I’m getting tired of following this fanciful fairytale. So let me end my service to BAB readers with one more fabulous assertion by BO: “Most of these costs will be paid for with money already being spent – but spent badly – in the existing health care system. The plan will not add to our deficit.”

THE PREMISE OF THE ABOVE being that the government, which is responsible for the waste and fraud in Medicare, Medicaid and the VA system, will also be in charge of eliminating the same features of these state-run systems.