Reid’s Compromise Plan – More Costly To Taxpayers
It would appear the “Gang of 10 (Senators)” compromise bill which Harry Reid has been touting but refusing to give details about would bend the cost curve way up:
Senate Democrats have provided few details about their latest health care proposal, but this much seems clear: Anyone who wants to buy the same health benefits as members of Congress, or to buy coverage through Medicare, should be prepared to fork over a large chunk of cash.
According to the Congressional Budget Office, a family of four earning $54,000 in 2016, when the health legislation is fully in effect, would be eligible for a subsidy of $10,100 to help defray the cost of insurance under the health legislation being debated by the Senate. By then, one of the most popular federal plans, a nationwide Blue Cross and Blue Shield policy, is projected to cost more than $20,000.
That could leave the family earning $54,000, slightly more than the current median household income, with monthly premium costs of more than $825.
The Democrats’ proposal would also allow some people ages 55 to 64 to “buy in” to Medicare, starting in 2011. That could cost about $7,600 a year per person or $15,200 for a couple, according to a budget office analysis of an earlier version of the concept. No subsidies would be available until 2014.
So why are many Democrats so “enthusiastic” over the proposal. Well, let’s knock off all the spin and be blunt about it:
“Extending this successful program to those between 55 and 64 would be the largest expansion of Medicare in 44 years and would perhaps get us on the path to a single-payer model,” said Representative Anthony Weiner, Democrat of New York.
That is the name of the game here and don’t ever loose sight of that. Liberals want a government run single-payer system. And whether they get there via a “public option” or expanding Medicare doesn’t matter one whit to them.