Money Facts Archive Get the real facts that will shape your future by having them delivered to your Inbox!

In an excellent article entitled "Washington's Lies" by Walter E. Williams (a professor of economics at George Mason University), the sad truth about the real costs of healthcare are hit head-on:

"President Obama and congressional supporters estimate that his health care plan will cost between $50 and $65 billion a year. Such cost estimates are lies whether they come from a Democratic president and Congress, or a Republican president and Congress. You say, 'Williams, you don't show much trust in the White House and Congress.' Let's check out their past dishonesty.

At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee, along with President Johnson, estimated that Medicare would cost an inflation-adjusted $12 billion by 1990. In 1990, Medicare topped $107 billion. That's nine times Congress' prediction. Today's Medicare tab comes to $420 billion with no signs of leveling off. How much confidence can we have in any cost estimates by the White House or Congress?

Another part of the Medicare lie is found in Section 1801 of the 1965 Medicare Act that reads: 'Nothing in this title shall be construed to authorize any federal officer or employee to exercise any supervision or control over the practice of medicine, or the manner in which medical services are provided, or over the selection, tenure, or compensation of any officer, or employee, or any institution, agency or person providing health care services.' Ask your doctor or hospital whether this is true."

After exposing some additional core deceptions and lies with respect to both (a) income taxes and the passing of the 16th Amendment, and (b) Social Security, Mr. Williams concludes his article with the statement:

"We can thank public education for American gullibility."

Sad but true.

- Ed Smith, Publisher
The EHS Letter Manual