Wednesday, August 29, 2007

The Myth Of Skyrocketing Uninsured Rates

Much like the failed War on Poverty, which has spent $11 trillion on itself without having any impact, the War on lack of health insurance is going nowhere fast.

Time to throw more money at it, say government gurus from Hillary Clinton and Barack Obama to Steve Beshear and Daniel Mongiardo.

A chart from the U.S. Census Bureau shows that since its 1997 start the Clinton SCHIP boondoggle has had no impact on the rate of uninsured in this country.

So, of course, the House of Representatives wants to throw another $50 billion in to speed things up.

And then there is this late-breaking news from the CATO Institute regarding government efficiency in SCHIP:

According to a cost estimate released by the Congressional Budget Office last Friday, the Senate-passed legislation expanding the State Children’s Health Insurance Program would enroll an additional 6.1 million children in SCHIP and Medicaid. However, 2.1 million would lose their private health insurance. So while the legislation would provide government-run health care to 6.1 million children, it would reduce the number of uninsured children by only 4 million.

That’s government efficiency for you: extending health insurance to two children for the price of three!