Right Thinking From The Left Coast
Reality is merely an illusion, albeit a very persistent one. - Albert Einstein

Monday, October 25, 2010

Pelosi Update, Part 692

Nancy Pelosi did say we had to pass healthcare to find out what was in it. And, oh ye gods, are we finding out:

A new study by the Lewin Group estimates that 28.6 million Americans will be eligible for a federal subsidy to purchase health insurance beginning in 2014 at a projected cost to tax payers in excess of $110 billion. This estimate is dramatically higher (578%) than the cost of these subsidies forecast by the Congressional Budget Office (CBO) prior to the bill’s enactment into law. If the new estimate is correct, it would mean that instead of lowering the deficit by $143 billion over ten years—a claim widely touted by proponents of the law— the legislation would begin adding to the deficit as early as 2015, only one year after major provisions of the law go into effect.

Oh, but I’m sure these guys are some Right Wing flunky group.

The Lewin Group study was commissioned by Families USA, a healthcare reform advocacy group based out of Washington D.C. which is closely allied with the White House and leading Democrats in Congress. Then Senator Obama was a keynote speaker at their annual Health Action conference in 2005 and 2007, and House Speaker Nancy Pelosi opened the 2008 event. Other leading Democrats who have participated at Families USA events in recent years include Hillary Clinton, John Kerry, and Ted Kennedy.

The study appears to be the centerpiece of a major media campaign initiated last month by Families USA to promote the benefits of the health reform legislation. A September 14 press release touts the projected $110 billion in federal subsidies as “one of the largest middle-income tax cuts in history”, but makes no mention of the discrepancy with the CBO’s earlier estimate.

In other words, this is a feature, not a bug.  Note also, later in the article, that Families USA is talking out of both sides of their mouth.  They later turn around and say the bill will cut the deficit.  That is, they use one estimate to tell use how many federal goodies we get and another to tell us how much is going to cost.  That, my friends, is the definition of mathematical practice.

Posted by Hal_10000 on 10/25/10 at 09:19 AM in Health Care  • (0) TrackbacksPermalink
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