IBD does a great job of explaining how the true costs of the “the public option” will be hidden. It will be done exactly the way the real cost of Medicare is hidden.
Public figures for Medicare’s administrative costs count only what it takes to print reimbursement checks. Normal operating costs — rent, management, health insurance, taxes, capital to start a business and new equipment — which private insurers must include in their administrative costs, are counted elsewhere in the federal budget.
The President’s “public option” will be a stupendously expensive boondoggle, but no one will ever know precisely how much it really costs:
The true costs will never be counted because they’ll be hidden in the federal budget.
Yep.
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