Lost in the glowing coverage of the Congressional Budget Office’s “favorable” estimate of Sen. Max Baucus’ health care bill is an astounding fact: it doesn’t lower health care costs. Although the Congressional Budget Office estimates says the bill will reduce the deficit by $81 billion, CBO also says, “Cost is growing at about 8% per year toward the end of the 10-year budget window.” If you take that 8% inflation rate and compound it over 10 years, it means that health care costs will MORE than double every decade. This …
