President Barack Obama has been pushing hard for sweeping changes in how health care is handled in the United States.
Click to hear WTAW’s Chris Clift talk with Dr. Thomas Saving, Director of the Private Enterprise Research Center and professor of economics at Texas A&M:
A figure from the Congressional Budget Office (CBO) estimates the 10 year cost on Obama’s proposal could be in excess of $1 trillion.
Savings does not think Obama’s proposal to provide health care coverage to all Americans via a government funded program is likely to pass, but if it does he estimates the private health care insurance industry would cease to exist within a decade in the U.S.
More information on this and other major national issues is available at www.tamu.edu/perc
The CBO reports that Saving is talking about, as well as other economic data on health care and budget proposals is available at www.cbo.gov