- 1,896
So, if the new bill is passed, we're spending roughly $850 billion to insure 31 million people. Or so we're lead to believe, since that's the number of "uninsured" who are out there.
Looking at the math, the penalties will cover half of the bill during the first 10 years (so we're led to believe). Now we're really down to approximately $425 billion to insure 31 million people.
Let's turn to the uninsured. Approximately 50% of those who are uninsured would not pick up insurance whether or not this bill helps them or penalizes them. So the true number this bill will help is 15 million.
We'll be spending roughly $90 billion per year to insure 15 million people, which equates to $6,000 per person per year to insure. Now I'm far from a genius, but the amount of premium to fund a plan puts each individual into a "Cadillac-level plan" from the get-go.
There are lies, damn lies, and statistics.
Looking at the math, the penalties will cover half of the bill during the first 10 years (so we're led to believe). Now we're really down to approximately $425 billion to insure 31 million people.
Let's turn to the uninsured. Approximately 50% of those who are uninsured would not pick up insurance whether or not this bill helps them or penalizes them. So the true number this bill will help is 15 million.
We'll be spending roughly $90 billion per year to insure 15 million people, which equates to $6,000 per person per year to insure. Now I'm far from a genius, but the amount of premium to fund a plan puts each individual into a "Cadillac-level plan" from the get-go.
There are lies, damn lies, and statistics.
