The Hill posted an article yesterday on the Congressional Budget Office report estimating the cost of President Obama's proposed healthcare plan. They estimated the cost of a leading healthcare reform proposal at more than $1 trillion, but that figure looked only at a portion of the bill.
The article states:
"The 10-year cost of reform could approach $2 trillion if the projections are made from the date that proposals are fully implemented. While the projected cost for a new system may reach $1.5 trillion for 2010-2019, it could run significantly higher for 2013-2022, as healthcare costs rise steadily each year."
I'm not sure I would be in a hurry to call it reform if it drastically raises the cost of healthcare for Americans instead of decreasing it. There are also some question as to how many uninsured people would actually become insured people under the new plan. Remember, many of the uninsured are young people who choose not to pay insurance premiums, financially well off people who have catastrophic benefits, but not regular health insurance, and illegal aliens, who I believe are entitled to medical care when necessary, but not taxpayer funded health insurance.
Any healthcare proposals put forth need to be examined carefully. I believe we have paid a high price for passing a stimulus bill that no one had time to read. Let's not do that again!!
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