Thursday, August 20, 2009

Give True Account of Health Plan's Cost | Michael F. Cannon | Cato Institute: Commentary

Give True Account of Health Plan's Cost | Michael F. Cannon | Cato Institute: Commentary: "First, Congress should ensure that the nonpartisan Congressional Budget Office includes all new state and private-sector spending, as well as new federal spending, in the total cost of each bill.

In 2006, Massachusetts snuck a health care boondoggle past the voters by pushing 20 percent of the cost on to the federal government and 60 percent onto private individuals and employers, according to data from the Massachusetts Taxpayers Foundation"

"House Democrats kept the (on-budget) cost of their plan to a mere $1.2 trillion by delaying implementation until the second half of the 10-year budget window."

"It costs Massachusetts about $6,700 to cover each previously uninsured resident, or about $27,000 to cover a family of four. Democrats should justify why they want to tax us that much when the average employer-sponsored family policy costs just $12,680."

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