Jack Welch, former Chairman and CEO of GE has a pretty sobering estimation for the actual costs we are looking at with this new Nationalized Health Care package the president signed into law today...

a couple of trillion dollars... pushing health care costs "out of sight" he says...

CNBC report

Health-Care Law Will Push Costs 'Out of Sight': Jack Welch

The newly passed overhaul of the nation’s health care system is expected to push expenses "out of sight" and cost the country "a couple trillion dollars," Jack Welch, former chairman and CEO of General Electric, told CNBC.

"Right now, people do get health insurance in a more expensive fashion through emergency rooms and the government supports that,” Welch said in a live interview. “It’s been supported for years and it's a well known phenomenon.”

Welch said while he doubts that employees will be laid off due to the expense of health care, the cost of the new policy is going to be “out of sight.”

“I think we're talking about a couple trillion dollars…of overage, not savings," he said.

“Attacking this thing piece by piece would be a way to go at it, and if the objective is to insure more people, we can do that piece by piece by piece and pay for it," he said of the bill. "Pay for it with a Medicare, tax on the rich if they want." .....

Honestly... xtnyoda was a little surprised to find this on CNBC?

Of course Jack is only the former head of a pretty successful business enterprise in America... so what does he know... compared to our politicians who only know how to spend the money that the likes of Jack have made.

Now... who's right? The politicians that promise that this new health care bill is going to save America a trillion dollars... or a CEO that says it's going to cost trillions of dollars?

There is a slight difference in the two projections... isn't there.

Consider and ponder.

xtnyoda, shalomed