I’ve heard some folks say that they’d happily pay their part to get health insurance for everyone.  The only problem is, they think that it’s just a matter of money; a few (or a whole bunch of) extra bucks out of their paychecks.  But there’s more to it than that.  Republicans have come out with some numbers that show this is a bit more costly than that.  A sampling:

5.5 million — Number of jobs that could be lost as a result of taxes on businesses that cannot afford to provide health insurance coverage, according to a model developed by Council of Economic Advisors Chair Christina Romer

$1.055 trillion — New federal spending on expanded health insurance coverage over the next ten years, according to a Congressional Budget Office preliminary score of the bill

0.7% — Percentage of all that new spending occurring in the bill’s first three years-representing a debt and tax “time bomb” in the program’s later years set to explode on future generations

$88,200 — Definition of “low-income” family of four for purposes of health insurance subsidies

114 million — Number of individuals who could lose their current coverage under the bill’s government-run health plan, according to non-partisan actuaries at the Lewin Group

And what about paying for all of this with Medicare fraud reduction?

$60 billion — Loss sustained by taxpayers every year due to Medicare fraud, according to a recent 60 Minutes expose; the government-run health plan does not reform the ineffective anti-fraud statutes and procedures that have kept Medicare on the Government Accountability Office’s list of high-risk programs for two decades

Zero — Prohibitions on government programs like Medicare and Medicaid from using cost-effectiveness research to impose delays to or denials for access to life-saving treatments.

That silly talk about "death panels"?

$634 Billion — Amount that could be saved by denying individuals access to treatments that are not “cost-effective,” according to a report by the liberal Commonwealth Fund; Section 1160 of the bill gives bureaucrats in the Obama Administration virtual free rein to develop a new “high-value” reimbursement system for Medicare by May 2012

Your money would be buying more government intrusion, less freedom, subsidies for those "poor" making $80,000 a year, expansion of unemployment, and a price tag that, while it may feel good at the beginning, will hit up-and-coming wage earners the hardest. 

Happily pay for this?  Really?

Filed under: EconomicsGovernmentMedicine

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