President Obama has said that his health care reforms will cost the nation $1 trillion. But what does $1 trillion get you?

Most assume that for $1 trillion, the United States will achieve universal coverage, and every man, woman and child in America will be covered. To many, this might be worth the cost. But that’s not what’s on the table so far.

According to the Congressional Budget Office, the bill as put forth by the Health, Education, Labor and Pensions Committee and Sen. Edward Kennedy would, indeed, cost $1 trillion, but it would only decrease the number of uninsured by 16 million.

Stay Engaged

Receive our weekly emails!

h/t: Investor’s Business Daily

UPDATE: John Goodman passes on the news that Health Systems Innovations’ analysis of the bill says that it will cost $4 trillion over ten years (pdf), but cover 99 percent of uninsured Americans.

~~~~~

Related Articles:

Worker’s Choice: Freeing Unions and Workers From Forced Representation

How Pensions Are Bankrupting Cities and States and How to Fix It

Legacy Society

The Most Important State Election This November: Michigan's Next House Speaker

Petty Restrictions on Tobacco Endanger Respect for Law

Government Held to Different Standard in Environmental Matters

Share