As the Administration is attempting to downplay the cost of a government takeover of healthcare, it is worth reminding ourselves of just how good the government actually is at estimating future costs.
The Denver post today provides a good illustration:
Remember that Congress estimated Medicare’s cost at $12 billion for 1990 (adjusted for inflation) when the program kicked off in 1965. Medicare cost $107 billion in 1990 and is quickly approaching $500 billion."
Does anyone seriously think the same won’t happen this time?