Health care plan cost projections



All those health care cost projections confusing?  Don't worry, they're wrong.  Carpe Diem points us to a Joint Economic Committee (JEC) study that reveals some rather dramatic gaps between projected costs for new health programs and their actual costs.  Medicaid, for example, cost us a whopping 1700% more than was projected. 

So, take the $1,042 billion, ten-year cost estimate for the current bill and multiply - $17,714 billion?  What if we are kind and give the advantage to the plan estimates, applying the Massachusetts' mandatory coverage estimate:  $1,042 times 120% = $1,250 - just a couple hundred billion off.

Remember the goals:  Increased access (which will surely be shot down by a shortage of health care providers as reimbursements are ratcheted down to meet missed budget targets) and lower costs (which has clearly been demonstrated to be a myth).

The question to ask is why?  Why continue when your stated goals won't be met?
 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments

  • 8/23/2009 8:32 AM David wrote:
    Wasn't that ten-year estimate $1.042 trillion?
    Reply to this
    1. 8/23/2009 8:42 AM Cultural Offering wrote:
      One thousand billion equals one trillion.  So, yes, $1.024 trillion.  I just like the value of one thousand billion.  I think I have the right number.  Please correct me if I don't.

      Reply to this
      1. 8/24/2009 2:05 PM David wrote:
        Sorry. The underscore obscured the comma and made it look like a decimal point--at least to my 60-year-old eyes. The disadvantage of flat screens is that they're now further away from my eyes than the old CRT screens were.
        Reply to this
      2. 8/24/2009 2:07 PM David wrote:
        Another way of putting it is that it's $1.024 million millions.
        Reply to this
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.