Congressman Bob Barr, the 2008 Libertarian presidential nominee, outlines the true cost of the proposed government takeover of medicine in his weekly column for The Atlanta Journal Constitution.
Click here to read Barr’s column. Barr writes, in part:
…For starters, advocates of the House legislation might want to talk to governors of those states, like Massachusetts, that have already implemented “universal” coverage plans. Increasing program costs, coupled with decreased state revenues as a result of the economic downturn, are causing serious fiscal problems and are forcing those states to consider cutbacks in coverage.
However, witnessing the irrational, “gotta-do-this-now” push in our nation’s capitol to pass comprehensive health care “reform” within the next few weeks, it is obvious the proponents of Obama-care are not interested in anyone throwing the cold water of fiscal reality on their parade.
The House version of the legislation, unveiled by Speaker Nancy Pelosi (D-Calif.) last week, includes substantial mandates on American businesses (including a severe, 8 percent payroll tax on any business that fails to offer health insurance coverage to its employees). Still, the Pollyannaish Pelosi claimed (with a straight face) it would “lower costs to businesses.” This is government logic at its finest — you lower the cost of doing business by raising taxes on those businesses…
…Analysts of the 1,000-plus page legislation calculate its 10-year cost to exceed $1 trillion. Other experts fear such a figure greatly underestimates its true cost. Even the Congressional Budget Office calculates that the government subsidy for health care coverage will amount to some $6,000 per person within the next decade, which figures to more than $1.8 trillion…
…Truly this bill is a monstrosity.