Actual versus Estimated Costs of Government Health Programs

Supporters of the Baucus bill to have government run health care claim now that it will ONLY cost $892 billion. This, of course, is another $892 billion that our country doesn't have and will need to borrow from the Chinese and other foreign investors. How has the federal government done in the past at keeping costs consistent with their estimates prior to enactment? The short answer is that the costs end up exceeding the estimates by multiples.

From Mark Perry: