A Quick Note On Health Care Reform Or, Why You Shouldn’t Love This Bomb.

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I was writing another post concerning the current health care reform bill, but got distracted by the news of the leaked preliminary CBO analysis, and figured I might as well combine the two posts and deem it one.

The CBO projects this legislation will save the federal government $130 over the first decade, and $1.2 trillion over the next ten year period. Color me skeptical. When has one of these long term estimates EVER been accurate, or erred on the positive side of cash flow as far as fiscal health goes? Almost all government spending estimates err in the wrong direction – this will cost much more than they are willing to admit.

Here are a few reasons that this bill will be more costly to us and the government than the CBO is willing to admit. Read more »