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CBO: Health Care Bill Will Cost $115 Billion More Than Previously Assessed


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#1 Jangler

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Posted 12 May 2010 - 05:55 PM



http://blogs.abcnews...y-assessed.html

The director of the Congressional Budget Office said Tuesday that the health care reform legislation would cost, over the next ten years, $115 billion more than previously thought, bringing the total cost to more than $1 trillion.

The revised figure is due to estimated costs to federal agencies to implement the new health care reform bill – such as administrative expenses for the Internal Revenue Services and the Department of Health and Human Services -- and the costs for a "variety of grant and other program spending for which specified funding levels for one or more years are provided in the act."

CBO had originally estimated that the health care reform bill would result in a net reduction in federal deficits of $143 billion from 2010-2019; this revised number would eliminate most of that savings.


I wonder what the number will be in June? July? 2011? 2012? 2013...

#2 ChucktownK

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Posted 12 May 2010 - 06:01 PM

Can we sticky the O.G. health care bill thread. It's gonna be epic when this sh!t gets repealed. People are already reporting losses.

#3 MurkN

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Posted 12 May 2010 - 06:19 PM

It'll be alright the fed can just print some more money, no worries.

#4 SmootsDaddy89

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Posted 12 May 2010 - 06:24 PM



#5 Jangler

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Posted 12 May 2010 - 06:29 PM

It'll be alright the fed can just print some more money, no worries.


Oh yeah....I forgot. N/M

#6 SCP

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Posted 12 May 2010 - 07:08 PM


You are an ignorant Obama sheep to ignore this. We are only a few months removed from this healthcare overhaul bullsh*t vote and already the CBO is saying "Oops, we missed again."

Obama and his policies are going to ruin the country.

#7 ChucktownK

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Posted 12 May 2010 - 07:14 PM


Pretty much how I pictured you.

#8 SCP

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Posted 12 May 2010 - 07:18 PM

Obama + Democrat lead Senate and Congress = worst government EVER

#9 stirs

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Posted 12 May 2010 - 07:48 PM

It will be waaaay more than 115 billion. We all know this. Only the simple minded would believe it would save money. The rabid libs on this board knew it wouldn't save money, but they do not care. It acheives their goal. Whatever you have to say to get there. The end truly justifies any means.

#10 cookinwithgas

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Posted 13 May 2010 - 06:36 AM

Office of Management and Budget spokesman Kenneth Baer said in response that the health care law "will reduce the deficit by more than $100 billion in the first decade, and that will not change unless Congress acts to change it. If these authorizations are funded, they must be offset somewhere else in the discretionary budget. The President has called for a non-security discretionary spending freeze, and he will enforce that with his veto pen."

Baer also pointed a reporter to comments made by OMB director Peter Orszag on his blog in March in which the budget director says that Congress has the power to pay for the $115 billion costs with cuts elsewhere, or not act on those budget authorizations in the bill at all.


yep

#11 Planiversal

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Posted 13 May 2010 - 08:30 AM

CBO also didn't factor in that for businesses it would make fiscal sense to pay the penalty and let their employees enter the exchange... using the money they save to give pay raises which will more than cover the subsidized exchange rate for 95% of their employees and thus not causing conflict with the unions. Ask at&t, john deere, cat... etc. The sad thing is, if and when this bill finally gets repealed and called a failure - there will be no true incentive for the companies to go back to what it was a year ago and splitting healthcare costs with their employees pretty much across the entire labor-board... they will see opportunity and leave it at what will then be the status quo, that of the employees finding their own providers and paying in full (only no longer subsidized). fun for everyone! although.. don't really see that happening, now that its implemented - there is no going back for pretty much that exact reason.

#12 Jase

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Posted 13 May 2010 - 08:33 AM

Come on guys. It's only 115 billion more. That's only like 1600 dollars per family.