Don Brunell-Fixing the federal health reform law

The projected cost of Obamacare is going up – again. The nonpartisan Congressional Budget Office (CBO) now estimates the 10-year cost of federal health reform at $1.45 trillion, a $40 billion increase in just the first 12 months.

If history is any guide, the real cost of Obamacare will be much higher. A 2009 study by the Senate Joint Economic Committee found that health-care plan costs are always dramatically underestimated:

– In 1967, the House Committee on Ways and Means predicted that the new Medicare program would cost about $12 billion in 1990. Actual Medicare spending in 1990 was $110 bi...