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Thread: CBO: Healthcare bill exceeds $1 trillion

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    CBO: Healthcare bill exceeds $1 trillion

    TheHill.com - CBO: Healthcare bill exceeds $1 trillion

    The Congressional Budget Office (CBO) released a report late Monday estimating the cost of a leading healthcare reform proposal at more than $1 trillion, but that figure looked only at a portion of the bill.

    The analysis falls just within the most expensive cost scenario sketched out by Democratic leaders in recent days, but does not include an estimate for a highly contentious government-run insurance plan that would compete with private insurers.
    But CBO officials warned the cost of the Democratic plan would likely increase if lawmakers expanded the eligibility of Medicaid or otherwise subsidized health insurance for people earning below 150 percent of the federal poverty level, or $22,000 for a family of four.

    Henry Aaron, a senior fellow at the Brookings Institution, said the estimated expense will make it that much tougher for Democrats to pass.

    “I think they’re setting themselves up for a hellacious summer of negotiations,” Aaron said in an interview shortly before CBO released its report. “They’re trying to find ways to pay for a bill that makes a major dent in the ranks of the uninsured [and that] is going to require some combination of tax increases and spending cuts — nearly all of which are political mine fields.”
    The 10-year cost of reform could approach $2 trillion if the projections are made from the date that proposals are fully implemented. While the projected cost for a new system may reach $1.5 trillion for 2010-2019, it could run significantly higher for 2013-2022, as healthcare costs rise steadily each year.
    Its going to cost more than what law makers are saying.

    Discuss.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: CBO: Healthcare bill exceeds $1 trillion

    Hope Republicans can gut it or delay it.
    Hope many Democrats will oppose it.
    Hope American tell the Obama we're not going to let you spend anymore.


    IMO ObamaCare will die as HillaryCare did because Americans are not Soviets.

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    Re: CBO: Healthcare bill exceeds $1 trillion

    Of course it is. When has the government ever delievered something under budget? It happens, but rarely. No surprise here, especially since they are saying that they are going to be cheaper than the private sector. It would be nice if we can charge politicians for fraud for giving us a price that they know is far too low.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: CBO: Healthcare bill exceeds $1 trillion

    I would honestly be open to the idea of government-provided healthcare if the government reduced the national debt to a number with less than 14 digits....
    Last edited by Dav; 06-16-09 at 04:23 PM.

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    Re: CBO: Healthcare bill exceeds $1 trillion

    Quote Originally Posted by Harry Guerrilla View Post
    Its going to cost more than what law makers are saying.

    Discuss.
    As if we needed another reason not to vote for Obama.

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    Re: CBO: Healthcare bill exceeds $1 trillion

    The number I saw recently was 1.6 trillion, which is just not doable right now, maybe ever. If these estimates are right, I will end up having to oppose the plan.

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    Re: CBO: Healthcare bill exceeds $1 trillion

    OF COURSE the Messiah and his cronies in the House are lying about costs, they lie about everything.

    All they really want is to get the frog in the pan of cool water. Later on the frog will be too stupid to know the water is boiling, and won't jump out.

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