A Healthcare economist (what a dismal job) from the University of Minnesota, named Dr. Stephen T. Parente testified in front of Congress and broke out the real numbers on ObamaCare and they are staggering.
CBO scored the Kennedy Bill last week at approximately a 30% reduction [of uninsured people]for 1 trillion over ten years. Using the ARCOLA model, we found nearly everyone would be covered if all elements of the Kennedy bill were enacted at a ten year cost of 4 trillion. At this time, we are the only group yet to score the full Kennedy proposal. (If you would like to see the full analysis of this bill including how they got to their budget numbers)
That will cover all but 1% of the uninsured at what might be the insolvency of the debt of the United States. As this article pointed out the total federal budget for 2010 is $3.6 trillion and that is with all the TARP and stimulus and other crap thrown in. Now that is a big pile of money I hope the Red Chinese have their checkbooks out.
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