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-Watch • Health & Medicine • --The 2009 American Health Care Reform Debate • * Economics, Politics • Economy • The U.S. Government • Budget • The National Deficit • Politics in General • House of Representatives • Office of the President • President Barack Obama • Senate
Posted March 14, 2012 at 3:06 pm
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The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/41713/
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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, 6:52 pm | [comment link] |
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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, 5:41 pm | [comment link]