Here is a tip. Government programs nearly always cost more than they are supposed to. I am not going to delve into the reasons today, but they revolve around incentives and accountability and are inextricable from the nature of government, any government.
So when we were told that Obamacare was going to cost $900Brillion (still a huge sum), virtually all economists were extremely skeptical. This skepticism was heightened when it was revealed that the cost estimate included ten years of taxes to support the program and only six years of implementation.
Earlier this week, it was released by the Senate Budget Committee that the actual cost of the first ten years of implementation is going to be $2.6Trillion. And that number is based on both rather rosy revenue projections and the typical ignorance of standard government cost growth.
It will be more, much more, expensive.
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