Obama’s healthcare plan could cost $1 trillion by 2018
An analysis of Barack Obama’s healthcare plan was released yesterday. A consulting firm estimates that his plan, which is similar to (D) Montana Senate Finance Committee Chairman Max Baucus proposal, would cost the tax payers $75 billion in the first year. By 2018, we will have spent over $1 trillion to fund this government insurance scheme. The analysis also found that Obama’s plan may worsen some problems like shortages of primary care doctors. The report said, “Unless costs are cut, growing health care costs will increase the costs of Obama’s plan dramatically over time and reduce the effectiveness of mandates. This could make the federal costs unsustainably high.” Read the full story.
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Tags: Barack Obama, healthcare, max baucus, montana, senate finance committee chairman, universal healthcare
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