The WSJ warns us today that experience suggests that even a $1.6 trillion price tag for Obama’s heatlhcare reofrm understates the cost. It highlights what’s happened in Massachusetts as a preview of what the country could expect:
Mitt Romney pitched his 2006 health reform — which Democrats view as a model for universal coverage — as modest and affordable, yet already its public option is annihilating the Massachusetts fisc. The original cost estimate for last year was $472 million; final spending came in at $628 million. Spending this year is at least $75 million over initial budget, while projections for next year range as high as $880 million — and even those are probably too low.