Health Care Reform Costs
But people, even liberals, are starting to get unnerved by the cost of all this. We now talk of trillions the way, even a few months ago, we spoke of billions. In mid-June, the Senate health committee put out its version of reform and was horrified when the Congressional Budget Office figured that it would cost a trillion dollars over 10 years (over current spending) and would still leave millions uninsured. The committee retreated to its lair and re-emerged in early July with a revised plan “scored” by the CBO as costing only $600 billion and leaving only 3 percent of the population uninsured. Six hundred billion doesn’t sound like all that much to achieve, or come close to achieving, an important and long-standing goal such as universal health care. But keep in mind that health-care reform is supposed to save money. Its premise is that the current path is unaffordable. In that sense, a “mere” $600 billion extra is total defeat.
We have spent or will spend $787 billion on the stimulus, President Obama’s budget is a bloated monster, TARP is $700 billion, and now we are looking to add $600 billion for health care reform. I am reminded about what Rahm Emanuel said they would do, “Not let a good crisis go to waste” and it appears they are not letting the crisis go to waste and are using it to expand the size, scope and power of government.