Tuesday, August 25, 2009

Today's OInnumeracy Watch

clipped from hotair.com

Once you do some fairly basic math, you come up with the same figure that the Kaiser Family Foundation arrived at.

The liberal Kaiser Family Foundation puts the number of uninsured Americans who don’t qualify for government programs and make less than $50,000 a year between 8.2 million and 13.9 million.



Assuming we bought individual health insurance plans for each of these people at $300 per month, a cost that having a 14-million-member pool should allow.  We could insure them for $50.4 billion a year.  That would not be a very good solution for a number of reasons, but it costs  a lot less than the $2 trillion over ten years that the CBO estimates ObamaCare will cost, plus it avoids the entire issue of overhauling a system most of us like.  In fact, if the idea is to save money through ObamaCare, then this should be the baseline: any plan Congress creates should cost less than the $50.4 billion a year it would cost to simply buy insurance for everyone who can’t afford it.