Friday, May 14, 2010
Health Care Costs...OOPS
Well apparently they guy at the CBO broke out of the closet the Administration had him locked in and came out with some new numbers yesterday I understand...remember that 940 Billion it was going to cost (still have not figured out why you would spend 940 billion to save 115 billion)...seems that we need to sprinkle the infield with another 115 Billion that has now been the revised number. I am going to go out on a limb here and say that we add another 500-700Billion before it is over with...the scary part is that we are just getting started and already are over budget...OMG is that a shocker, government projects over budget...who would have thought
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The $115B number is overstated - apparently $86B of that is ongoing programs that have existed independent of any reform. So - there is a <$3 billion per year discrepancy...
Our private sector healthcare costs are rising far faster than inflation. It costs us over 50% more per capita to cover 85% of the people and we rank #37 according to the WHO. If the status quo didn't suck so much, Obama would not have had to step in and set the system straight.
It is about the consumers - the patients - NOT the hospitals, physicians and pharma.
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