We have seen the future, and it sucks.

Report: Kennedy Bill Would Actually Cost $4 Trillion

17th June 2009

Read it.

Health Systems Innovations Network, a consulting group, went ahead and estimated the full cost of a bill that included the subsidies and Medicaid expansion, and reduced the number of uninsured by 99 percent. With these assumptions, they estimated (pdf) the cost at a staggering $4 trillion over 10 years, resulting in the shift of 79 million Americans to government-run health care. The report does not include possible tax increases or spending offsets, but notes that, “this would be a challenging proposal to finance with budget neutrality.”

What does he care? He won’t have to pay it. Nor will most of the people who vote for him.

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