GWB advisor Keith Hennessey drills down into the report of the Chief Actuary of the federal Centers for Medicaid & Medicare Services (CMS) to describe the effects of the health care “reform” bill passed by the House.Â In 2019:
- The bill would mean almost 30 M new people in government-run insurance, more than four times as many as would be newly insured through private coverage.
- By far the largest effect of the bill would be to enroll more than 23 M new people in two existing government programs, Medicaid and S-CHIP. Medicaid is today widely regarded as fiscally unsustainable before adding more people.
- Foster estimates that 18 M people would remain uninsured and have to pay the penalty tax. These people are clearly worse off than they would be under current law.
Emphasis added.Â Sounds like a pretty huge cost to pay while not achieving universal coverage.
Hat tip: Mankiw — yeah, like he needs traffic from me 🙂