ObamaCare Price Tag $1.5 Trillion - The American Spectator | USA News and Politics
ObamaCare Price Tag $1.5 Trillion

The AP reports that while President Obama allocates $634 billion of his budget for a “down payment” on his health care push, the actual cost of his vision for health care could be $1.5 trillion over 10 years, according to estimates by several groups. However, even this estimate could be on the low side, because historically, analysts have tended to underestimate the growth of entitlement spending. When Medicare was signed in 1965, the hospital portion of the plan was expected to cost about $9 billion by 1990, but in reality it cost nearly $67 billion that year. Keep this in mind when Obama argues that the only way to restore fiscal responsibility is to enact his health care agenda.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!