Wednesday, September 09, 2009

Obama's Health Care "Reform" Could Cost $4,176 per Virginian

Yesterday, I enjoyed the privilege of talking about Slaying Leviathan with the Tuesday Morning Group, a monthly gathering of freedom-loving Virginians, sponsored by Tertium Quids. It was great to talk with them about my book, and especially to catch up with Jeffersoniad friends like Rick Sincere and Norm Leahy.

After I spoke, Donna Arduin of Arduin, Laffer & Moore Econometrics and Randy Forbes, conservative Congressman from Virginia, addressed a news conference announcing The Prognosis for National Health Insurance: A Virginia Perspective, a new policy study released by the Virginia Institute for Public Policy.

According to the report, rising government expenditures are the main factors driving the growth of the health care wedge--the economic separation between providers and consumers and a primary driver of rising health care costs. The report finds, "President Barack Obama's principles to drastically alter U.S. health care policy--a public health insurance exchange, mandated minimum coverage, mandated coverage of preexisting conditions, required purchase of health insurance--do not address the growing wedge and its role as the fundamental driver of health care costs. In fact, they will further increase the wedge, and can thus be expected to increase medical price inflation."

The bottom line for Virginians? President Obama's health-care "reform" priorities would cost $4,176 (net present value) for every person in our Commonwealth, according to the report.

3 comments:

J. Tyler Ballance said...

I don't buy that cost figure, since I already have one of those government run, socialized" health insurance plans and it costs $230 per year.

BTW, please put that picture of you in the low cut dress back on the website. Nobody wants to see any more REAGAN pictures when we can see you in an elegant dress!

Chrıs said...

since I already have one of those government run, socialized" health insurance plans and it costs $480 per year

disability insurance said...

Hello and thanks for your post. The thing is that most Americans are afraid of the change and extra money they might have to pay. On the other hand there is a lot of misleading information, therefore, people are confused and do not know who they should believe. However, the situation today is quite bad and certainly needs a reform.

All the best,

Lorne

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