House Democrats are scrambling to come up with tax increases or other means of paying for their $1.2 trillion medical insurance plan. Yet the legislation they're trying to cram through Congress is even costlier than they'd have you believe.
The nonpartisan Congressional Budget Office estimates that the House Democrats' legislation would spend $1.2 trillion over the next 10 years. Yet that cost estimate is based on a tried-and-true budget gimmick that members of Congress use to hide how much of your money they want to spend.
In reality, the Democrats' health care bill is at least 50% more expensive than the $1.2 trillion estimate suggests.
President Obama and his fellow partisans want the federal government to guarantee medical insurance coverage to all Americans. According to estimates by the left-leaning Urban Institute, providing health insurance to all of the uninsured would cost just under $2 trillion over the next 10 years.
House Dems Hide Cost Of Health Plan | Michael F. Cannon | Cato Institute: Commentary
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