The CBO report is in---but it’s not the whole story.
Do not be fooled by figures that include 10 years of revenue against 6 years of spending. Gimmick-free accounting shows a deficit increase of $460 billion the first 10 years and $1.4 trillion in the second ten years.
Do not be fooled by cost projections for such a large entitlement expansion. History proves they have NEVER been right---usually off by a factor of 10 or more.
1966 Medicare 25 year cost projection: $12 billion
Actual cost: $107 billion
1987 Medicaid 5 year cost projection: $1 billion
Actual cost: $17 billion
1988 Medicare home care benefit cost projection: $4 billion
Actual cost: 10 billion
Do not be fooled by the report that counts on cuts to Medicare which have NEVER occurred. Or worse---that quality of care will not suffer if the cuts ever do go through.
Do not believe the blatant lie “If you like your plan you can keep it.” Medicare destroyed the private health insurance industry for seniors, and this will destroy private health insurance for the rest of us.
But the greatest cost of all is how attempts to pass this bill are undermining of the rule of law and the very mechanisms of our Constitutional republic. This bill is a direct assault on the freedom and independence of all citizens, in clear violation of the fundamental purpose of government: the protection of individual rights.
No man can morally be made the means to another’s end.
I know you know all of this.
I just want you to know that the rest of us know it too.