If the past is any guide, it’s a safe bet that Obamacare will cost far more than estimated. Check this out:
A few years ago, the Senate Joint Economic Committee released a study that looked at initial estimates of programs and their costs in dollars at that time. In 1967, the House Ways and Means Committee predicted that the new Medicare program would cost $12 billion in 1990. It was $110 billion. In 1987, Congress estimated that Medicaid’s hospital subsidies were estimated to cost less than $1 billion in 1992. It was $17 billion.
That’s just two of countless examples.
It’s all the Big Dig now.
To top it all off, doctors might be quitting because of Obamacare.
Well, as Pelosi said…