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?



Wasn't that ten-year estimate $1.042 trillion?
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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.
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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.
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Another way of putting it is that it's $1.024 million millions.
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