The American Spectator : AmSpecBlog : Former Acting Director of CBO Says House Health Care Bill Costs Near $1.3 Trillion

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Former Acting Director of CBO Says House Health Care Bill Costs Near $1.3 Trillion

By Philip Klein on 10.30.09 @ 5:32PM

Donald Marron, visiting professor at the Georgetown Public Policy Institute and former acting director of the Congressional Budget Office, pegs the actual cost of the House Democrats' health care plan at nearly $1.3 trillion.

The $1.055 trillion number that I've been reporting represents the gross cost of the coverage provisions alone, which account for a bulk of the proposed spending. But there are all sorts of other costs associated with the bill, even though they're balanced by various tax increases or proposed spending cuts elsewhere. When Marron added up all of the other spending of the bill, he came up with $1.273 trillion.

You can read his explanation, and check out his math, here.

Comments

Pingback| 10.30.09 @ 5:52PM

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rodney| 10.31.09 @ 11:45PM

if it is 1.3 trillion in cbo numbers then it is at least 3 trillion in obamas money...remember the deficits went from 8 trillion to 10, now it is 12 trillion. my bet is it will be at least 3 trillion. And there are a lot lobbyists sitting at the table licking their chomps.....hopefully their wallets will be as empty as obamas promises for transparancy, accountability, and every other lie has has made.

asd| 11.1.09 @ 8:56PM

if it is 1.3 trillion in cbo numbers then it is at least 3 trillion in obamas moneydaidaihua
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