The U.S. Senate Finance Committee is choking on the estimated $1.6 trillion cost of national health insurance. And out of left field, there’s this:
Ms. Feinstein has threatened to vote against Mr. Obama’s health care bill if it draws Medicare funds from high-cost areas like California to low-cost areas of the country. Ms. Feinstein noted that California’s population is greater than that of 21 states and the District of Columbia combined.
If Sen. Feinstein is serious, and if more of her colleagues from high-income states realize that an expanded federal role in health care will require a massive further redistribution of their constituents’ remaining wealth, Obama’s plan will be DOA. (And if congressional representatives from New York do finally notice who pays the bill for big government, it’ll be about time.)
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