House Dems Hide Cost Of Health Plan | Michael F. Cannon | Cato Institute: Commentary

House Dems Hide Cost Of Health Plan | Michael F. Cannon | Cato Institute: Commentary: "The nonpartisan Congressional Budget Office estimates that the House Democrats' legislation would spend $1.2 trillion over the next 10 years. Yet that cost estimate is based on a tried-and-true budget gimmick that members of Congress use to hide how much of your money they want to spend.

In reality, the Democrats' health care bill is at least 50% more expensive than the $1.2 trillion estimate suggests.

President Obama and his fellow partisans want the federal government to guarantee medical insurance coverage to all Americans. According to estimates by the left-leaning Urban Institute, providing health insurance to all of the uninsured would cost just under $2 trillion over the next 10 years."

"A standard trick for making new government programs appear less expensive is to have them take effect not in the first year, but later in the budget window.

If Congress launches a $100 million program in year one, its 10-year cost will be $1 billion. If Congress launches the program in year six, the 10-year cost is just $500 million. Delaying implementation just cut the cost of the program in half, right? Not quite. The program would still cost taxpayers $100 million per year.

That budgetary gimmick lets Congress appear thrifty. Chris Dodd, D-Conn., acting chairman of the Senate Health, Education, Labor and Pensions Committee, recently said he was "very confident we can meet the president's goal of having a fully-paid-for 10-year program on health care right around $1 trillion." Of course he can! Covering the uninsured costs $2 trillion? Heck, we'll do it for half that price!"