Free Markets, Free People
Baucus: The Real Cost Of Health Care Reform …
David Freddoso catches Sen. Max Baucus (D-MT) in an unscripted moment of truth:
“Health care reform, whether you use a ten-year number or when you start in 2010 or start in 2014, wherever you start at, so it is still either $1 trillion or it’s $2.5 Trillion, depending on where you start…”
Of course, regardless of where you start, it won’t cost just the 894 billion that has been claimed. Again, for those who’ve missed it the numerous times I’ve mentioned it, CBO can only score a 10 year window. So, knowing that Democrats used a bit of trickery to make the bill in the Senate seem to cost less than it really does. They front-loaded the taxes (they begin immediately upon passage) and they delayed the major programs (they begin in 2014 – those are the two dates Baucus cites) so that the cost is spread over 10 years (although they only take place in 6) as is the revenue. You figure it out – 10 years of revenue and 6 years of spending – would that drive the supposed 10 year cost down?
Of course it would. Is that the true cost of the program? Of course it isn’t. And, if you look at the second 10 year window, costs explode (into the 2.5 trillion range).
Also, the claim is cuts in Medicare will help pay for this. Yet they’re about to pass the “doc fix” bill which will prevent 250 billion (a quarter of a trillion) in reduced payments to doctors. Does this indicate a willingness to do what is necessary to pay for this health care monstrosity? Of course it doesn’t. It again indicates that Congress enjoys the roll of Santa Claus much more than that of being fiscally responsible.
Anyone who actually believes these numbers from Congress is either naive, purposely blind to the truth, inexperienced with their ways or just doesn’t care. This is a bank breaker and will eventually have to be reckoned with. Don’t forget that those who said Medicare would be a low cost program when it was first implemented (and now has 35 trillion dollars in future obligations) are now making the claim that spending 894 billion (or 1 trillion or 2.5 trillion) will actually save us money. Yes, for those who believe in flying unicorns, it will be the first entitlement ever to turn a profit.