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

2 Comments
Posted March 14, 2012 at 3:06 pm

To comment on this article: Go to Article View

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, 5:41 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, 6:52 pm | [comment link]


© 2014 Kendall S. Harmon. All rights reserved.

For original material from Titusonenine (such as articles and commentary by Dr. Harmon) permission to copy and distribute free of charge is granted, provided this notice, the logo, and the web site address are visible on all copies. For permission for use in for-profit publications, please email KSHarmon[at]mindspring[dot]com


<< Back to main page

<< Return to Mobile view (headlines)