The Real Cost of Health Care Legislation

The Real Cost of Health Care Legislation:

When White House chief of staff Rahm Emanual lobbied Democratic Representative Jason Altmire of Pennsylvania last week to vote for the health care bill, he argued it would cut the deficit. “You ran because you care about the deficit,” he told Altmire, according to the Washington Post. “This is north of $1 trillion in deficit reduction.” Shortly after the bill passed, House Speaker Nancy Pelosi offered the exact number, claiming the bill would save “the taxpayers $1.3 trillion.”

Are these folks disingenuous or just dreaming? It has to be one or the other. Why? Because the evidence of spending projections for health care legislation passes tell a simple and unchanging story. The projections never come close to capturing the magnitude of spending that actually occurs. They prove to be wildly off the mark compared to real-life expenditures."