Ben

Arnold Schwarzenegger's health care plan: Terminated

California's Democrat-dominated legislature on Monday killed Gov. Arnold Schwarzenegger's proposed universal health care plan. Killed it dead. The Wall Street Journal on Wednesday conducts an inquest and finds that cost is a serial killer:

Like collapses in Illinois, Wisconsin and Pennsylvania, this one crumpled because of the costs, which are always much higher than anticipated. The truth teller was state Senate President Pro Tem Don Perata, who thought to ask about the price tag of a major new entitlement amid what's already a $14.5 billion budget shortfall.

An independent analysis confirmed the plan would be far more expensive than proponents admitted. Even under the most favorable assumptions, spending would outpace revenue by $354 million after two years, and likely $3.9 billion or more. "A situation that I thought was bad," Mr. Perata noted, "in fact was worse."

This reveals that liberal health-care politics is increasingly the art of the impossible: You can't make coverage "universal" while at the same time keeping costs in check -- at least without prohibitive tax increases. Lowering cost and increasing access, in other words, are separate and irreconcilable issues.

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