June 28th, 2012
07:20 PM ET

SCOTUS ruling misses real problem with Obamacare – the cost

Outfront Tonight: Party-time!

Both sides are officially spinning the Supreme Court's healthcare verdict. The president and other Democrats are all celebrating a legal victory in one of the closest-watched Supreme Court decisions in a decade, and the Republicans see it as a way to rally the base.

After all, everyone loves an underdog. They see it as hey, the Supreme Court failed to repeal what they see as a hated act, an overreach of big government, but if you elect Mitt Romney, he will slay the healthcare dragon!

So both sides were getting excited and partying it up, almost like guys at a bachelor party. The problem is, no one was a winner today. And soon, they will wake up, feeling pretty hungover.

In all seriousness, the point is this: we are all losers. Why? Because even if you love what this healthcare bill does – things like covering preexisting conditions – you have to hate what it does not do. It does not deal with surging health care costs in America.

We spend the most on healthcare per person than any country on earth, yet rank #27 on life expectancy.

It's true that more people are covered thanks to the Supreme Court ruling. That may be a great thing. But under the so-called "Affordable" Care Act, health care analyst Dan Ripp of the research firm Bradley Woods say premiums will still rise 7.5% a year. That's more than four times the inflation rate!

And the spending will only get worse. According to Centers for Medicare & Medicaid Services, health spending in 2010 grew by just 3.9% over 2009. But in 2014, when the President's law takes full effect, spending will jump by 7.4%.

In a country with a rapidly aging population, that is not a reason to celebrate. That is a failure.

Filed under: Deconstruct • Health • Law • Politics • U.S. Supreme Court
June 28th, 2012
01:30 PM ET

Outer Circle: Campaigning in Mexico, rebel attacks in Syria

Presidential candidates in Mexico had one last day of campaigning ahead of Mexico's elections on Sunday, and rebel forces in Syria continue to attack government targets. Miguel Marquez and Ivan Watson report.

Filed under: E-Block • International • Syria
June 28th, 2012
01:17 PM ET

The Number: Google takes on Apple with duo of products

Google is taking on Apple's iPad and Amazon's Kindle Fire.

Yesterday it unveiled the nexus 7 tablet. It's 7 inches, and it comes with the latest version of Android, called "Jellybean". And it costs just $199- the same as the kindle fire.

But one of the other big annoucements was the Nexus Q. It's a device that lets you stream music and video from the cloud to your television. Google calls it a "social streaming device" because you can create playlists to share your music with your friends. And yes, it looks like the Death Star.

It's pricey though- $299, $200 more than the Apple TV. There are, however, a couple of good reasons why it costs more. It does have a few more features than an Apple TV, and it's also made here in the United States, meaning it costs more to build and manufacture.

So for example, the outer shell, according to Wired, is made by a company in Wisconsin. And that brings us to tonight's number: 70

Filed under: Tech • The Number
June 28th, 2012
01:08 PM ET

E-Block: The next great weapon to fight bio-terrorism is... camels?

In this week's Camel Report, Erin takes a look at reports that scientists have figured out a way to boost the body's response to harmful toxins such as botulism using camel genes.

Filed under: E-Block
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