As far as I know, every time, every where, under every circumstance, health care costs of any group have grossly exceeded all estimates or projections.
ALWAYS.
States, cities, companies, armies, nations, all of them. Throughout the whole history of human endeavor.
It's like night follows day.
I defy the sellers of this slavery to point to a single example of a group health care cost projection that has not been waaaaay too low.
But we will be different!
They are just lying to us now.
Thursday, March 18, 2010
"Healthcare Will Save Money" Lie...
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4 comments:
"group health care cost projection that has not been waaaaay too low."
For purposes of arguendo, how about the prescription drug plan?
Shootin' Buddy
It's a bit tricky there, Medicare part D (like all these programs) is full od accoubnting tricks and cost concealment measures. And it's a newish program, just three FY of performance. Never the less,
http://en.wikipedia.org/wiki/Medicare_Prescription_Drug,_Improvement,_and_Modernization_Act#Costs
Now granted, that's only a 37% increase, but it's only three years into a ten year program cost estimate. Give it time.
t's a bit tricky there, Medicare part D (like all these programs) is full od accoubnting tricks and cost concealment measures. And it's a newish program, just three FY of performance. Never the less,
http://en.wikipedia.org/wiki/Medicare_Prescription_Drug,_Improvement,_and_Modernization_Act#Costs
Now granted, that's merely a 37% increase, but it's only three years into a ten year program cost estimate. Give it time.
"Initially, the net cost of the program was projected at $400 billion for the ten-year period between 2004 and 2013. One month after passage, the administration estimated that the net cost of the program over the period between 2006 (the first year the program started paying benefits) and 2015 would be $534 billion.[17] As of February 2009, the projected net cost of the program over the 2006 to 2015 period was $549.2 billion."
That's from the Wikipedia on Medicare D, I'm not doing the link properly.
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