The Corner

More on the CBO Score

A friend notes in an e-mail:

Wow.  Where to start?

That the downpayment of $600 billion is now $1 trillion and that is actually (with Medicaid) $1.6 trillion and we still don’t cover everyone?

Or that we spend $1 trillion to only cover 16 million more?

Or that age 27 is still just a kid?  (okay, that is plausible… but not with the IRS)

Or that a family with an income in the highest federal pay grade, a GS 15 , or a federal administrative law judge is poor enough to require a subsidy here.

Or maybe it is the wonderful way it controls costs.  You might want to check  my math on this but here is how I see it.

Some 15 million Americans covered today by their employer would be covered by the government in 2019.

At @$6,000 per enrollee, that works out to roughly $90 billion in spending in 2019,

By moving those 15 million out of private insurance, the government “picks up” $48 billion in revenues from no longer having employer provided benefits tax freed.

So here is how Uncle Sam save money in health care, we spend $90 billion to get tax savings of $48 billion and not cover a single person more.   For $42 billion a year, we shift 15 million individual out of private coverage onto government coverage….

This is exactly the way the federal government saves money with Amtrak, GM, student loans, ag loans, crop insurance….

Recommended

The Latest