Wednesday, January 9, 2019

NYC

When Medicare started in 1965 the cost for individuals was $3 per month so no one objected. The estimated 30 years cost was $9 billion but the actual cost in inflation adjusted dollars was $90 billion or ten times as much. The first ten year cost of Obamacare came in at three times the estimate. Obamacare was announced saying it would insure 30 million people at no additional cost. Now the Mayor of New York City says he will insure 600,000 in the city for a cost of $100 million dollars or $167 per year per person.

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