Study: Democratic healthcare plan could cost $300 billion a year
I just attended a healthcare symposium at the American Enterprise Institute where Prof. Stephen Parente of the University of Minnesota revealed the results of a complex healthcare cost simulation model. What did the number crunching show? The Democratic healthcare plan under consideration by the Senate Finance Committee would cost $300 billion a year if it wanted to reduce the number of uninsured Americans by three quarters. (Hello VAT!) And just to show how hard it is to do healthcare reform within current parameters of public policy, a conservative Republican alternative plan would cost $150 billion a year, though it would achieve the same results. Or America could try this approach.