Wednesday, October 29, 2008

The Cost of the Candidates' Health Care Proposals

The Washington post, demonstrating astonishing credulity, tells us about the McCain and Obama health care proposals:
Overall Price Tag


Says his plan would cost $50 billion to $65 billion a year when all elements are phased in. Money would come from ending tax cuts for people with incomes exceeding $250,000.


Says his plan would be budget-neutral over 10 years.
How hard would it be to find somebody else's estimates - devoting about five seconds to searching with Google, I came up with this from the Wall Street Journal:
The Tax Policy Center, which is affiliated with the Brookings Institution and the Urban Institute, projected the Obama plan would cost $1.6 trillion over 10 years, and the McCain plan would cost $1.3 trillion. Lewin Group had different figures putting the cost at $2.1 trillion for McCain’s plan and $1.2 trillion for Obama.
So if you ask anybody outside of Obama's campaign, you're likely to hear that he's probably (at best) halving the likely cost, and if you ask anybody outside of McCain's campaign you're likely to get a "He's claiming what?!"

Not that I'm suggesting that you shouldn't take political candidates at their word, but... No, wait, that's exactly what I'm suggesting.

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