America, You Asked For It!

Political News and Commentary from the Right

’45 Million Americans’ – Who Are These Guys? Part 3

by Larry Elder on Townhall.com

“President Barack Obama says that he can pay for his goal to provide health care insurance for every American without it. Why isn’t that good enough for you?”

Elder: Yes, the President says that he can “pay for” his goal of providing health insurance for every American without it. Care to bet on that?

When government proposes a program, the ultimate price tag inevitably exceeds projections. In “Why Government Doesn’t Work,” libertarian Harry Browne wrote: “Most older people now find it harder to get adequate medical service. Naturally, the government points to the higher costs and shortages as proof that the elderly would be lost without Medicare — and that government should be even more deeply involved. When Medicare was set up in 1965, the politicians projected its cost in 1990 to be $3 billion — which is equivalent to $12 billion when adjusted for inflation to 1990 dollars. The actual cost in 1990 was $98 billion — eight times as much.”

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July 2, 2009 - Posted by | Health Care | , , , ,

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