Truth About Health Care Costs

This is a rush transcript from "Glenn Beck," August 9, 2010. This copy may not be in its final form and may be updated.

GLENN BECK, HOST: Tonight, I want to talk to you a little bit about the truth. It's actually a pretty simple concept. Conformity with fact or reality -- the truth.

But Washington has trouble grasping that whole idea. They'll tell you that we're really not even news, that you should read "The Huffington Post" or whatever.

Instead, over there, they are spilling out garbage like saying the trillion dollar health care plan is reducing cost.

Don't take my word for it. I don't ever want you to take my word for it. I want you to look at the facts. I need you to decide who's telling the truth. Your children need you to decide that.

We told you many times the trillion-dollar plan will not save money. And the trillion-dollar plan is not $1 trillion plan. I can't believe that we have to actually argue that spending $1 trillion, that it's not a cost reduction, but I digress.

Last week, the administration celebrated the Medicare Trustees report as evidence that Obamacare saved Medicare and the media did their job and cheerfully they just reported the news.

But they all kind of forgot to mention one little dissenting opinion, actually included in the report from the "oh, so, biased" chief of Medicare actuary. He's Richard Foster. He's held that post now for 15 years.

The truth -- as the economic site e21 points out -- if you take the projected Medicare expenses for 2080 and compare to what Foster says expenses will really look like, it's 68 percent higher.

CMS summed up their estimates like this: "The final projection showing in this report for Medicare do not represent a reasonable expectation for actual program operations in either the short range or the long range.

Don't take my word for it. I encourage you to review the illustrated alternative projections that are based on more sustainable assumptions for physician and other Medicare price updates.

There you go. This is from the same report touted by the administration. What happens? The administration just tears it up and the press ignores it.

This is unprecedented. Usually, actuaries just sign off on the estimates. Foster denounced them.

But, again, don't take it from me. Don't wait for the media to report on Foster's comments either. Read the full report yourself at and decide for yourself who is telling the truth.

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