The cost of Medicare is a good place to begin. At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $ 12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly "conservative" estimate. But in 1990 Medicare actually cost $107 billion.
Thursday, November 19, 2009
Harry to Nancy: "Mine's Bigger."
So the table of contents alone is 14 pages...Nancy's bill was 1,990 pages. Harry hurtles by with 2,074!
But wait, Nancy's bill will cost $1.2 Trillion; Harry's is only $849 Billion. So on a per-page basis, the better Harpoon in the side of the Ship of State is Nancy's bill at $6 Million per page versus a mere $4 Million per page for Harry. Of course, Medicare was only going to cost $3 Billion - here's an outtake from a 1993 article on the subject:
So those estimates above were for the first 10 years - let's do the same projected miss that Medicare experienced and apply it to our wonderful socialized medicine plan...let's see, 24 years, 89% miss, works out to about 4% per year...times ten...if we are lucky, these plans would ACTUALLY cost $1.7 TRILLION and $1.2 TRILLION respectively, easily wiping out ANY of the so-called "savings" these bills are supposed to produce.
This is madness. The Chinese were busy lecturing Obama about our budget - they don't want us to default on all that debt we owe them - and we are getting ready to saddle ourselves with even more. Farewell freedom, hello planned economy and socia-communism. If you think that the mammogram age push back from the "U.S. Preventive Services Task Force" (which has no MD's on its staff) is bad - wait till they tell you that cholesterol checks won't be necessary till you are 80!