The Most Expensive Thing Ever!

This keeps getting better. First, the CBO "discovered" today that the current version of the health care bill does not account for increased fees for doctors, an oversight to the tune of $245 Billion. So the price tag, currently estimated at about $1.6 Trillion, just spiked to $1.85 Trillion over 10 years. And remember, that figure covers just 16 million people, a far cry from the Democrat's new estimate of 50 million uninsured Americans.

The next question should be, does that amount necessarily scale? You bet it does, since almost all of the estimated cost relates directly to cost of care, and when you break it down, it amounts to an average of $10,000 per person covered, per year. That's really not a lot when it comes to health care. Again, most people don't reach that number, but enough others are accruing ten times that level or more every year that it balances out. That's how the insurance industry works - the numbers are all there.

So if we extrapolate to just cover those 50 million Americans, the cost of the plan, including the new addition for doctor's fees, skyrockets to $5.8 Trillion!

But wait, there's more!

The bill has a provision that forces people to take the public "option" when signing on for a new health plan or if any changes occur in their existing plan. I don't know about you, but my plan changes annually. The changes are typically minor, but sufficient to meet the criteria to force me into the public "option." You may have also heard Democrats let slip that they expect 97% of Americans to have health care coverage provided by the government at the end of 10 years. If that's true, and costs scale evenly, Obamacare will cost US Taxpayers at least $3.36 Trillion dollars every year! That's more than the entire 2008 budget for the United States, including discretional spending on the wars in Iraq and Afghanistan.

Over the next 10 years we can expect the true cost of Obama care, as it exists in the bill he intends to sign but hasn't even read, something closer to $20 Trillion, more than 10 times Democrat estimates. Can anyone say Hyper-Inflation?

This is the kind of economic terrorism that has to make you wonder about Obama again.