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Obama health plan to cost $75 billion: analysis

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raditz8526 On July 02, 2009

Deleted



, Minnesota
#1New Post! Nov 13, 2008 @ 00:33:39
WASHINGTON (Reuters) ? President-elect Barack Obama's plans to overhaul the U.S. healthcare system would cost the federal government $75 billion the first year but would provide health insurance for 95 percent of Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.

This works out to about $2,500 per newly insured person, the firm said in a report.

"The plan would increase to $1 trillion cumulatively by 2018 or approximately $130 billion per year," the report said.

While the plan would extend health insurance to two-thirds of the 47 million people who currently lack it, the overhaul may worsen some problems, such as a shortage of primary care doctors, the analysis found.

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," the report said.

A trillion dollars a year just to insure 66% of the uninsured!

$12/gallon gas and 6 month wait to see a doctor here we come!


https://news.yahoo.com/s/nm/20081112/pl_nm/us_usa_obama_healthcare;_ylt=As.ly22sMWueqrdHyUXos1uMwfIE
el_diablo On December 19, 2008

Deleted



Maui, Hawaii
#2New Post! Nov 13, 2008 @ 00:35:29
LedZap On January 28, 2010

Deleted



In a nightmare,
#3New Post! Nov 13, 2008 @ 00:36:19
Happy Days aren't here again.
El_Tino On October 12, 2023
booyaka!





Albuquerque, New Mexico
#4New Post! Nov 13, 2008 @ 00:36:55
@raditz8526 Said

WASHINGTON (Reuters) ? President-elect Barack Obama's plans to overhaul the U.S. healthcare system would cost the federal government $75 billion the first year but would provide health insurance for 95 percent of Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.


Sounds pretty cheap!

Quote:
This works out to about $2,500 per newly insured person, the firm said in a report.

"The plan would increase to $1 trillion cumulatively by 2018 or approximately $130 billion per year," the report said.

While the plan would extend health insurance to two-thirds of the 47 million people who currently lack it, the overhaul may worsen some problems, such as a shortage of primary care doctors, the analysis found.

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," the report said.

A trillion dollars a year just to insure 66% of the uninsured!


$130 billion, according to you.

Quote:
$12/gallon gas and 6 month wait to see a doctor here we come!


What does gas have to do with anything?
raditz8526 On July 02, 2009

Deleted



, Minnesota
#5New Post! Nov 13, 2008 @ 00:38:24
@eL_TinO Said



$130 billion, according to you.



What does gas have to do with anything?



According to the article.

The added tax they will need to cover the cost of insuring the uninsured.
El_Tino On October 12, 2023
booyaka!





Albuquerque, New Mexico
#6New Post! Nov 13, 2008 @ 00:40:16
@raditz8526 Said

According to the article.


$130 billion a year according to the article. $1 trillion a year according to you.

Quote:
The added tax they will need to cover the cost of insuring the uninsured.


They're not gonna tax gas for that.
raditz8526 On July 02, 2009

Deleted



, Minnesota
#7New Post! Nov 13, 2008 @ 00:42:21
@eL_TinO Said

$130 billion a year according to the article. $1 trillion a year according to you.



They're not gonna tax gas for that.



I'm sure that's what the people in the UK and Canada were told.

Where do you think they're going to collect the trillion a year? Maybe they'll just print it.

$130 billion. I misread it the first time. Sry.
El_Tino On October 12, 2023
booyaka!





Albuquerque, New Mexico
#8New Post! Nov 13, 2008 @ 00:42:47
@raditz8526 Said

I'm sure that's what the people in the UK and Canada were told.

Where do you think they're going to collect the trillion a year? Maybe they'll just print it.


Actually it will cost 5 donkeys.
LedZap On January 28, 2010

Deleted



In a nightmare,
#9New Post! Nov 13, 2008 @ 00:44:55
@eL_TinO Said

Actually it will cost 5 donkeys.



No , that's Mexico.
El_Tino On October 12, 2023
booyaka!





Albuquerque, New Mexico
#10New Post! Nov 13, 2008 @ 00:46:26
@LedZap Said

No , that's Mexico.


That's why the world's richest man is mexican.
raditz8526 On July 02, 2009

Deleted



, Minnesota
#11New Post! Nov 13, 2008 @ 00:47:33
@eL_TinO Said

That's why the world's richest man is mexican.


He better not come to the U.S. Obama will take his donkeys and spread them around.
LedZap On January 28, 2010

Deleted



In a nightmare,
#12New Post! Nov 13, 2008 @ 00:47:34
@eL_TinO Said

That's why the world's richest man is mexican.



He's a crook.
El_Tino On October 12, 2023
booyaka!





Albuquerque, New Mexico
#13New Post! Nov 13, 2008 @ 00:48:35
@raditz8526 Said

He better not come to the U.S. Obama will take his donkeys and spread them around.


Donkey meat for all!

@LedZap Said

He's a crook.


Probably.
mr_ash On January 08, 2013




, United Kingdom
#14New Post! Nov 13, 2008 @ 01:34:42
@raditz8526 Said

WASHINGTON (Reuters) ? President-elect Barack Obama's plans to overhaul the U.S. healthcare system would cost the federal government $75 billion the first year but would provide health insurance for 95 percent of Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.



You'll have to forgive my ignorance, I never quite understood the US healthcare system...

$75 billion will provide health INSURANCE for 95% of Americans?

Does that mean that $75 billion is all that's required to treat 95% of the population in state hospitals (as it were)?

It's very cheap if it is. In the UK, we pay ?110 billion (about USD$170 billion) per year for our NHS.
mr_ash On January 08, 2013




, United Kingdom
#15New Post! Nov 13, 2008 @ 01:37:52
Actually having re-read the story I think I see now.

Is it saying $75billion is required to add to what everyone is already paying privately..

does that mean that in effect, everyone who is paying privately loses out? (or in other words, might as well not have paid in?)
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