Tuesday, October 20, 2009

Pig in a poke?

There are some very interesting data being circulated on previous health program estimates and the actual costs...for those who may be tempted to accept the current budget estimates being advanced by the liberals in Congress. For example, we are told that the Baucus version of health insurance reform will reduce red ink by $81 billion in 10 years. Let's look at other estimates such as medicaid.The Ways and Means Committee estimated that the first year cost of that program would be $238 million. It actually cost over $1 billion and the costs have kept going up from there. Its current cost is $251 billion and it went up $50 billion in 2009 alone. Medicare has a similar record. In 1965 Congress said it would cost $12 billion in 1990. It cost $90 billion in fact. The hospitalization program alone was supposed to cost $9 billion and was instead $67 billion and was up 9.8% in 2009 alone. The medicare home-care benefit was supposed to cost $4 billion by 1993, but the cost was actually $10 billion.

About the only thing we know for sure about the current estimates about costs of Obama's health insurance revisions is they are about as reliable as all the other promises he espoused during the campaign.

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