Senate Health Care Bill Costs Taxpayers $6.8 million per word
Per Senator Tom Coburn, (R) Oklahoma:
Health Care Reform
November 19, 2009
Senate bill has 2,074 pages and weighs 20.8 pounds
A true cost of $2.5 trillion, that comes out to *$1.2 billion per page.*
A true cost of $2.5 trillion, that comes out to *$6.8 million per word.*
Washington has just run a $1.4 trillion budget deficit for fiscal 2009, even as we are told a massive, new health-care government program will reduce deficits by raising and spending about a trillion dollars over 10 years. To believe that fantastic claim, you have to ignore everything we know about Washington and the history of government health-care programs.
Medicaid now costs 37 times more than it did when it was launched —after adjusting for inflation. Its current cost is over $250 billion, up 25% or $50 billion in fiscal 2009 alone, and that’s before the health-care bill covers millions of new beneficiaries.
Medicaid, the joint state-federal program for the poor. The House Ways and Means Committee estimated that its first-year costs would be $238 million. Instead it hit more than $1 billion, and costs have kept climbing.
Medicare has a similar record. In 1965, Congressional budgeters said that it would cost $12 billion in 1990. Its actual cost that year was $90 billion. Whoops.
Taxes will go up $493.6 billion —nearly half a trillion dollars.
Medicare will be cut $464.6 billion —another half a trillion dollars.
Dem’s bill by the numbers here
Read the entire Senate health care bill here
Studies show that the Democrat bills will increase health care costs here
CRS report on 97.6 percent of cloture votes result in bill passage here
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