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The Congressional Budget Office on Tuesday released  a new estimate attributing $115 billion in additional spending to the new national health care law, driving the full cost over the first decade to over $1 trillion.

But the CBO cautioned that it didn’t have enough information to project all of the additional costs.

The discrepancy between the new figures and the oft-cited $938 billion ObamaCare cost estimate comes because during the health care debate, the media only focused on the cost of the spending provisions aimed at expanding insurance coverage.

But the health care law also had all sorts of other discretionary spending costs, and implementation expenses, that were never calculated into a total figure. These include spending such as $39 billion for the Indian health improvement act; $34 billion in Federal Qualified Health Center grants; $9.1 billion in funding for the National Health Service Corps; and $5 billion to $10 billion in increased costs to the Internal Revenue service.

Add it all up, and it brings the cost of ObamaCare to $1.053 trillion from 2010 to 2019.

However, the way in which the law was drafted left the actual amount to be appropriated up in the air, merely writing “such sums as may be necessary,” which prevented the CBO from performing a full cost analysis:

For those activities, the lack of guidance in the legislation about how new activities should be conducted means that, in many cases, CBO does not have a sufficient basis for estimating what the “necessary” amounts might be over the 2010-2020 period.

H/t the Politico.

UPDATE: To clarify, the CBO earlier estimated $55 billion in discretionary costs, so this new estimate adds $60 million to that figure. However, it’s still true that discretionary spending was not included in the headline $938 billion number that deals only with the cost of expanding coverage. Therefore, combined spending easily tops $1 trillion.

View all comments (12) |

Pingback| 5.11.10 @ 5:48PM

Twitter Trackbacks for The American Spectator : AmSpecBlog : CBO Adds $115 Billion t links to this page. Here’s an excerpt:

…alert for spectator.org Topsy Retweet Button Add Topsy Retweet Button to your Blog or Web Site. WordPress  Web Sites 11 tweets tweet 11 All 2 Influential The American Spectator : AmSpecBlog : CBO Adds $115 Billion to ObamaCare Cost Estimate spectator.org/blog/2010/05/11/cbo-adds-115-billion-to-obamac – view page – cached The Congressional Budget Office on Tuesday released a new estimate…

Pingback| 5.11.10 @ 6:27PM

Another Captain Obvious Moment Courtesy of Obamacare :: YankMcCain.com links to this page. Here’s an excerpt:

…Obvious Moment Courtesy of Obamacare Another Captain Obvious Moment Courtesy of Obamacare By Ryan • on May 11, 2010 Print Comment Feed Stumble it Digg it del.icio.us Facebook The CBO has concluded the obvious about Obamacare:  It’s going to cost more than anyone originally thought.  They were also considerate enough to note that they haven’t crunched all the additional…

Pete| 5.11.10 @ 7:30PM

Shocking. You aren't implying that our masters, our betters, in the federal government, distorted the truth to amass more power, are you? And even if they did, it is for our own good, you know.

Pingback| 5.12.10 @ 8:08AM

The B&R Wednesday Edition | Bob Parks: Black & Right 2010 links to this page. Here’s an excerpt:

…we all have been schmucked over (and as I said yesterday), Greece has yet to say ‘thank you’ to us taxpayers Chumps at the pump It’s Cap and Trade Wednesday! CBO Adds $115 Billion to ObamaCare Cost Estimate Democrats poised to move measures with high price tags It’s obvious they don’t care about our inheritance Schwarzenegger Preps ‘Terrible Cuts’ to Close Deficit And why is…

RacerJim| 5.12.10 @ 9:11AM

The silence of the msm re yet another Obama LIE is also shocking...NOT!

Nick in Virginia| 5.12.10 @ 11:34AM

Maybe we can get a Lemon Law on laws passed by Congress?

JmsA| 5.12.10 @ 11:55AM

And the hits keep on coming! What else would anyone with any common sense expect for the lying' communists? Can't wait for the drive-by trolls' (and you know who who all are) comments defending the indefensible.

Yosemeti Sam| 5.12.10 @ 11:56AM

" ... CBO does not have a sufficient basis for estimating what the "necessary" amounts might be over the 2010-2020 period."

Estimating?

Sufficient Basis?

Yo - CBO: give Al Gore et al a call. They're into
estimating on insufficient basis of data input.

Great at garbage in garbage out number crunching
estimations.

Right up their/your ally.

Pingback| 5.13.10 @ 2:46PM

Where in Las Vegas is good to live with small children and still affordable? | TV dra links to this page. Here’s an excerpt:

…to Strange Argument Against Housing Bubble « The Washington Independent DeLauro Announces $720,000 in Housing Aid to New Haven | U.S. States RealEstateRama The American Spectator : AmSpecBlog : CBO Adds $115 Billion to ObamaCare Cost Estimate Area Schools Get Kids Involved in Next-Gen Recycling: Upcycling | newsroanoke.com St. Louis-area foreclosures surge in April. Why? | Building Blocks | STLtoday St.…

More Blog Posts by Philip Klein

http://spectator.org/blog/2010/05/11/cbo-adds-115-billion-to-obamac

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