Health Care Doesn't Add Up

How is Obama going to pay for his new government based health care plan? I haven't really thought that hard about it. I guess the expiration of the Bush tax cuts, and increased taxes on the wealthy would pay, right? Obama says it will only cost 55-65 billion a year when in full phase, and since we spend 10 billion a month in Iraq, thats 120 billion right there we'll have free, so it all makes sense. But where is he getting the number 55-65 billion from?
On CNN today, our Tim Kaine was on talking with Wolf Blitzer, and the governer of South Carolina. Tim Kaine, when showing how perfect Obamas' health care plan is, said that everyone will be able to get insurance just as good as they get in congress, and thats 50 million people who will need to improve their coverage. Further, It will cost the government ONLY 7,000 per person to do that. Thats when the SC governer chimned in to say that the math adds to 350 billion a year, so even with the customers paying the 300 billion, that comes out to a cost of 6,000 per person that the consumer must pay, which at that point, John McCain's 5,000 credit makes more sense. The bottom line is, it seems like Obama's health care will cost at least 350 billion a year. Therefore, the goverment is going to be piling up more debt keeping Americans with health care, but rampant inflation (as social security is in shambles) and now another 350 billion a year is the price we'll have to pay.

Bwa