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Video: The History of Health Care Cost Forecasting

Posted By Matthew Streit On October 20, 2009 @ 1:16 pm In Obamacare | Comments Disabled

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] $1 trillion dollars [2], expand the size of government and will create a new entitlement.

As the Wall Street Journal noted [3] 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? [4]


Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2009/10/20/video-the-history-of-health-care-cost-forecasting/

URLs in this post:

[1] will cost over: http://www.foundry.org/2009/07/29/which-chart-best-exposes-obamacares-true-impact-on-the-deficit/

[2] $1 trillion dollars: http://www.foundry.org/2009/10/08/the-baucus-bill-a-closer-look-at-the-cbo-report/

[3] noted: http://online.wsj.com/article/SB10001424052748703746604574461610985243066.html

[4] Health Care Reform Cost Estimates: What is the Track Record?: http://blog.heritage.org../2009/08/04/health-care-reform-cost-estimates-what-is-the-track-record/

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