Investors.com - Health Bill Hoax ...: "Reform: Only a Bernie Madoff could believe the Senate's health care bill will extend coverage to 31 million Americans while cutting deficits by $127 billion over 10 years. It would be the first profitable entitlement.
But that's what Majority Leader Harry Reid, citing Congressional Budget Office estimates, tells us the 2,074-page bill — said to cost only $849 billion over a decade — would do.
Like House Speaker Nancy Pelosi, he seems to be following Vice President Joe Biden's admonition at an AARP town hall meeting that 'we've got to spend money to keep from going bankrupt.'
We suspect Reid's estimate will be as accurate as those for Medicare and Medicaid, which are going broke with their trillions in unfunded liabilities. According to the Heritage Foundation, Medicare alone faces $36 trillion in unfunded obligations."
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