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

Posted on March 15, 2012 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.

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Posted in * Culture-Watch, * Economics, Politics, --The 2009 American Health Care Reform Debate, Budget, Economy, Health & Medicine, House of Representatives, Office of the President, Politics in General, President Barack Obama, Senate, The National Deficit, The U.S. Government

2 comments on “CBO: New Heath Care Bill Overall to cost almost double their original estimate over 10 yrs”

  1. Randy Hoover-Dempsey says:
    March 15, 2012 at 2:41 am

    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.

  2. Jim the Puritan says:
    March 15, 2012 at 3:52 am

    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.