Tue, 03/17/2009 - 5:54pm — lambert
AP:
Health care overhaul may cost about $1.5 trillion
Guaranteeing health insurance for all Americans may cost about $1.5 trillion over the next decade, health experts say. That's more than double the $634 billion 'down payment' President Barack Obama set aside for health reform in his budget, raising the prospect of sticker shock at a time of record federal spending.
Sounds like a bargain, to me. $1.5 trillion over 10 years, saving $350 billion a year, nets out positive (if, and only if, the guarantee is single payer).
By contrast, we spent two trillion dollars on the banksters in one year, with no visible result at all (except richer and more arrogant banksters).
Which'd you rather?
»
- lambert's blog
- Login or register to post comments
Front page
Comments
150 billion a year?
What did we spend on Iraq? What did we just spend on the bailout?
It is to laugh.
Who(m) are they kidding.
Guaranteed healthcare for all Americans? $1.5T over 10 years.
Single payer savings over parasitic private insurers' costs? $350B the first year, and likely more the following 9 years.
Keeping the private insurers fat and happy? Priceless.
And deadly.