Tuesday, March 17, 2009

Guaranteed Cost Explosion

As P.J. O'Rourke once said, "if you think health care is expensive now, wait till you see what it costs when it's free!"
Guaranteeing health insurance for all Americans may cost about $1.5 trillion over the next decade, health experts say. That's more than double the $634 billion 'down payment' President Barack Obama set aside for health reform in his budget, raising the prospect of sticker shock at a time of record federal spending.
They promise the sun and the moon
for what sounds like a very low cost.

So you vote for it. But very soon
they explain that the money's been lost.

Your taxes start to balloon,
and you whisper "I've been double-crossed."

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