Directly from the CBO:

This morning the Obama Administration released a description of its health care proposal, and CBO has already received several requests to provide a cost estimate for that proposal. We had not previously received the proposal, and we have just begun the process of reviewing it—a process that will take some time, given the complexity of the issues involved. Although the proposal reflects many elements that were included in the health care bills passed by the House and the Senate last year, it modifies many of those elements and also includes new ones. Moreover, preparing a cost estimate requires very detailed specifications of numerous provisions, and the materials that were released this morning do not provide sufficient detail on all of the provisions. Therefore, CBO cannot provide a cost estimate for the proposal without additional detail, and, even if such detail were provided, analyzing the proposal would be a time-consuming process that could not be completed this week. (emphasis mine)

How long has the administration had to provide a concise and detailed plan to the CBO for budget analysis?  Much like this administrations vague whimsical ideology throughout the campaign season, we have a President who submits an incomplete health care proposal.. void of enough substance that it is impossible for the Congressional Budget Office to make a determination as to the actual cost of his plan.  Again, he morphs in to a blank slate.. people can read the plan and hope that it doesn’t, in the long term, push the United States in to further RED ink.  Who in their right mind makes a major purchase without understanding the cost involved in the decision? Mark my words, the administration will push this plan through, probably through reconciliation, without any consideration of cost or the wishes of the American people.

Lets take a journey back in time, since the administration wants to play shell games with the projected cost analysis.  Cost analysis, even with the best considerations are inherently unreliable and history backs this up.

In 1965, the House Ways and Means Committee estimated that the hospital insurance program of Medicare – the federal health care program for the elderly and disabled – would cost $9 billion by 1990. The actual cost that year was $67 billion.

In 1967, the House Ways and Means Committee said the entire Medicare program would cost $12 billion in 1990. The actual cost in 1990 was $98 billion.

In 1987, Congress projected that Medicaid – the joint federal-state health care program for the poor – would make special relief payments to hospitals of less than $1 billion in 1992. Actual cost: $17 billion.

Isn’t that disturbing?  It sure is to me, especially when the purposed health care insurance initiative regulates and controls 1/6 of the economy.

According to Rasmussen, 61% of the American voters believe that “Congress should scrap the current proposals and start over;”  given this high number it is not surprising that 59% of voters believe that the states should have the RIGHT to opt out of the federal government plan.  Currently 75% of voters are “angry at the government’s current policies.”

Again I ask, what sane and grounded individual makes a potentially life changing purchase without considering the actual cost of said purchase?  Sadly, I think only members of Congress when they can strip the money from not only your pocket, but that of future generations.

With the shenanigans going on in Washington, the “I’m just a blank slate for people to write a monologue on” President,  is this number surprising?

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