CBO: New Heath Care Bill Overall to cost almost double their original estimate over 10 yrs

Posted by Kendall Harmon

The CBO forecasts it will now cost $1.76 trillion over a decade, whereas before they forecast it would cost 940 billion.

Read it carefully and follow all the links. Also, you can read more over there.

Filed under: * Culture-WatchHealth & Medicine--The 2009 American Health Care Reform Debate* Economics, PoliticsEconomyThe U.S. GovernmentBudgetThe National DeficitPolitics in GeneralHouse of RepresentativesOffice of the PresidentPresident Barack ObamaSenate

Posted March 14, 2012 at 4:06 pm

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The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/41713/

1. Randy Hoover-Dempsey wrote:

I believe Harmon’s headline is incorrect:
“CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of just under $1.1 trillion over the 2012–2021 period—about $50 billion less than the agencies’ March 2011 estimate for that 10-year period…”

This is from the report and reflect the expert’s analysis of the NET cost of the program.

March 14, 6:41 pm | [comment link]
2. Jim the Puritan wrote:

Not to worry, the insurance companies will be willing to pay the increased costs out of their own pockets, based on the money they will save.

March 14, 7:52 pm | [comment link]

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