• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Video: The History of Health Care Cost Forecasting

    Politicians have always been great at two things (1) making promises that cannot be kept and (2) spending taxpayer money. Health care reform is no different. In fact, every health care bill proposed by Congress thus far will cost over $1 trillion dollars, expand the size of government and will create a new entitlement.

    As the Wall Street Journal noted this morning, the House Ways and Means Committee originally estimated that Medicaid’s “first-year costs would be $238 million. Instead it hit more than $1 billion, and costs have kept climbing.” Staurt Varney makes the same point on FOX News. Watch:

    [youtube]http://www.youtube.com/watch?v=1AeP-z2hYWk[/youtube]See also: Health Care Reform Cost Estimates: What is the Track Record?

    Posted in Obamacare [slideshow_deploy]

    One Response to Video: The History of Health Care Cost Forecasting

    1. J.C. Hughes, Texas says:

      From a cost and business perspective, Staurt Varney hit a bulls eye with his excellent report. It supports my position that congress' misguided healthcare reform is totally unnecessary and improper. We have three branches at the federal level designed to counter such abuses of power. The congressional leadership and the president have demonstrated very poor stewardship and essentially violated their constitutional oath regarding limited government. It's time now for the U.S. Supreme court's involvement on this takeover of private industries and markets. This high court is the nation's last "HOPE" for preserving our unity. Lord only knows those bonds are quickly being eroded by this latest crop of elected Beltway elitists. And please, to all those bigots on the left, no more cheap shots about race.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.