March 21, 2010 2:53PM

ObamaCare’s Actual Price Tag

My oped at FoxNews​.com explains just how well Democrats have hidden the full cost of the Obama health plan:

To hear Democrats tell it, the CBO projects the legislation would cost a mere $940 billion over the next 10 years.…the actual cost of the bill is nearly $3 trillion.…

Yet this legislation would set in motion political forces that would make additional spending inevitable. It would create new constituencies for government spending, hook existing constituencies on even more government spending, and promise implausible cuts in existing subsidies to constituencies that are highly organized and vocal…

When Congress inevitably fails to implement the Obama plan’s spending cuts, and expands its subsidies to more and more people, the cost of this legislation will grow beyond $3 trillion.

The CBO did an admirable job of projecting the cost of this legislation as written. But the text of the legislation does not reflect the reality it would create.

Giving the Obama health plan the effect of law will not make those costs disappear.