Archive for July 17th, 2014

What would your boss say if your project estimates were off by a factor of 3 or 4?

July 17, 2014

Probable Answer: “You’re fired!”

Not so in ObamaLand …

There, bossman would be ordering pizza for the victory celebration.

Let’s look at the facts …

Flashback to March 2010, when Obamacare was being steam-rolled though Congress.

At that time, the Congressional Budget Office (CBO) projected that Obamacare would cost $938 billion over a decade, that the Federal deficit would shrink and 19 million uninsured people would be insured as of 2014.

As a frame of reference, those estimates work out to be about $5,000 in annual cost per newly insured person … about par for private market medical insurance.

 

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Unfortunately, but predictably, those estimates were wildly off the mark …

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