- Home
- About Us
- Contributors
- Departments
- Topics
- Back Issues
- Weekly Archives
- AmSpecBlog
- Subscribe
- Newsletter
- Advertise
- Donate
- Contact Us
- Daily Digest
- Templeton Essays
AmSpecBlog
CBO Says Dem Health Care Bill To Increase Deficit By At Least $1 Trillion
The CBO has just released its initial cost estimates on the Democratic health care proposal coming out of the Senate Health, Education, Labor and Pensions Committee chaired by Ted Kennedy, and found that it would increase deficits by at least $1 trillion. I say "at least," because there are major provisions of the bill that have not been finalized and which were not included in the cost, such as a massive expansion of Medicaid eligibility:
These new figures do not represent a formal or complete cost estimate for the draft legislation, for several reasons. The estimates provided do not address the entire bill—only the major provisions related to health insurance coverage. Some details have not been estimated yet, and the draft legislation has not been fully reviewed. Also, because expanded eligibility for the Medicaid program may be added at a later date, those figures are not likely to represent the impact that more comprehensive proposals—which might include a significant expansion of Medicaid or other options for subsidizing coverage for those with income below 150 percent of the federal poverty level—would have both on the federal budget and on the extent of insurance coverage.
In addition, the CBO report undercuts President Obama's insistence that those who like the coverage they have can keep it, as it projects millions of Americans would lose their current coverage:
When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million.
Comments
Leave a Comment
- Music and Morality
- The Great Recession of 2011-2012
- Recalling Amalrik
ds80| 6.15.09 @ 8:46PM
Methinks it will be a bit more than one dollar.
Headline needs correction? ;-)
Or maybe it's supposed to say, "CBO Says Dem Health Care Will be Worth About $1"
jim| 6.15.09 @ 9:49PM
that is correct it will be "at least" $1
probably more though. :D
dagny taggart| 6.15.09 @ 10:07PM
Cutting Medicare and Medicaid is also going to be another source of income for Obama's new health care entitlement. I'm a physician and the Medicare patients are scared ****less of the rationing to come. Now these people don't go out and protest, but they do vote. Let's see some rationing ads. That will make grandma sit up straight. Better yet, watch Soylent Green.
Diamon| 6.16.09 @ 1:05AM
The cost issue is starting to dawn on the general public. We know CNN is in the tank for their Dear Leader as are their competitors ABC, NBC, See BS, the new WaPo and her cousin aging gray lady.
But the latest CNN cartoon clicks (566) tally 49% point to the cost of socialized medicine as being the cause of the legislation hitting the skids. 37% point to Republican obstruction.
We know this is not a random sample and not scientific but we do know the CNN readership do tilt significantly towards the left political spectrum.
It will be interesting to say the least how the percentages develop in a day when a few thousand register their opinion.
Patrick Moran| 6.16.09 @ 2:32AM
If all follows Obama's/Demo's normal escalation path, then count on 2 Trillion as starters for the first 10 years! The man is an Imposter to the hilt, and must be removed from office quickly!
Pingback| 6.18.09 @ 7:35AM
CBO Lowballs Cost of ObamaCare - Redhot - RedState links to this page. Here’s an excerpt:
Pingback| 7.2.09 @ 5:01PM
OBAMA-CARE: long waits, lower quality, rationing, control… « FactReal links to this page. Here’s an excerpt:
lingerie wholesalers| 7.23.09 @ 10:05PM
thank you for your information. Hope to know more information from it.
Sincerely,
Mr. Tony
Wholesale Halloween Costume
Pingback| 8.13.09 @ 12:01PM
CBO Lowballs Cost of ObamaCare - Redhot - RedState web01.prod.theplanet.eaglepub.com links to this page. Here’s an excerpt:
fashion jewelry| 8.27.09 @ 4:38AM
discount jewelry
cheap jewelry
discount jewelry supplier
handcrafted jewelry
wholesale jewelry| 8.27.09 @ 4:43AM
handmade jewelry
discount fashion jewelry
china jewelry
discount gemstone jewelry| 8.27.09 @ 4:47AM
discount costume jewelry
discount pearl jewelry
Pingback| 9.2.09 @ 8:03AM
Twitter Trackbacks for The American Spectator : AmSpecBlog : CBO Says Dem Health Car links to this page. Here’s an excerpt:
ugg classic cardy| 12.5.09 @ 8:00PM
Welcome to our website: http://www.infls.com
As the commodities we supply are of excellent quality and low price,
we have won a very good reputation from our clients all over the world.
If you are interested in any of our products, please don't hesitate to contact with me by email.
i trust that through our cooperation we shall be able to conclude some transactions with you in the near future.
Website: http://www.mbtshoe.co.uk
Best regards!