Okay...what is the math? Hep me.
“The nonpartisan CBO found that Kennedy’s plan would cover an additional 16 million people by 2019, leaving 36 million uninsured.”
http://news.yahoo.com/s/ibd/20090616/bs_ibd_ibd/20090616general
Bull$#!it. This whole thing is pure BS. The managed health care insurance came about as a wealth and power grab by insurance companies, invading physicians, who can now often be technicians and not artists in their field. I know one doc in a group who did not get a raise for 5 years. He’s not young either and tells me he’s working the hardest he’s ever worked in his life—including holding multiple jobs as a young man. IIRC, the original health power grab over 20 years ago transferred $8-10 billion in wealth from doctors to insurance....including the clerks who make the decisions.
48M * 10k = 480B X 10y = 4.8 Trillion / 3 (number actually being insured) = 1.6 Trillion or 160B per year for 10 years.
When several congressmen were saying only 1/3 the people will be insured at this cost, they were referring to this.
Ok.
Using a standard height of $20 bills in $1000 packs (used)...
the Congressional Budget Office, for one -- predict the total cost to run up to 3.5 trillion dollars in the first decade...
the pile would be about 25,000 miles high!
I have done my math wrong before but I think I have this right, if not, someone please correct me.