June 15th, 2009
07:58 PM ET
5 years ago

Improving access to health insurance: $1 trillion

The Congressional Budget Office has issued a report estimating the costs of two key proposals for reforming the nation's health care system.
The Congressional Budget Office has issued a report estimating the costs of two key proposals for reforming the nation's health care system.

NEW YORK (CNNMoney.com) - Two key proposals to improve access to health insurance could reduce the ranks of the uninsured but cost $1 trillion over 10 years, according to preliminary estimates released Monday by the Congressional Budget Office.

The estimates are the first in a series over the next few months that will attempt to quantify the costs and benefits of various health reform options. President Obama, citing the huge part health care spending plays in the economy, has made passing reform this year a top priority.

The report by CBO, an independent agency that scores legislative proposals for lawmakers, focuses on proposals to create health insurance exchanges and subsidize the cost of insurance for some households.

The agency estimated that the exchange and subsidies could reduce the number of uninsured people by roughly 16 million by 2015. It is estimated there would otherwise be 51 million uninsured that year.

Full story on CNNMoney.com


Filed under: Health care • Obama administration • Senate
soundoff (9 Responses)
  1. hadelaide

    How much do we (the taxpayers) pay for healthcare coverage for members of congress? Remember, these are people who are wallowing in cash, yet we are coughing up money, annually, to pay for their health costs. These congress people have no qualms accepting "socialized medicine" for themselves, but stoke fear that government will ration care to citizens. Let our wealthy congress people REFUSE government provided healthcare for themselves so ordinary citizens can receive. The GOP only care about gaining power through fear, while the Democrats fear labels and losing elections.

    June 15, 2009 10:19 pm at 10:19 pm |
  2. Steve, Columbia SC

    If you truly believe the "savings" or "cost" numbers being thrown out by our wonderful government, then YOU sign up for the new socialized health care.

    June 15, 2009 10:20 pm at 10:20 pm |
  3. VGal

    Wow – really? Are we really saying that people shouldn't be insured? Seriously, people need to get a little empathy.

    June 15, 2009 10:23 pm at 10:23 pm |
  4. That One Guy

    One Trillion dollars we don't have.

    June 15, 2009 10:46 pm at 10:46 pm |
  5. Terry

    Of course, many people who have insurance will complain that the nation cannot afford medical care for everyone. People without coverage will demand it for themselves and their families and I can't blame them. If your child had an abcessed tooth or appendicitis, you would want medical coverage too.

    The fairest way to do this is to have a lottery. We'll all draw lots. Those who get a white ball get medical care. Those who get a black ball get none. Sounds fair to me.

    June 16, 2009 12:21 am at 12:21 am |
  6. Peter E

    As opposed to the trillion people spend on corrupt private insurance companies and corrupt doctors? Guess what! The privatized system with its corporate bureaucrats has already PROVEN that it's a failure! 'Government bureacurats' my hind! Have you seen what privatized bureaucrats are doing to you? AND you can't even vote the private companies out of power! You're stuck! It's time to try something else!

    June 16, 2009 12:29 am at 12:29 am |
  7. Limbaugh is a liberal

    I get taxed with fees from my current insurance company. It really can't get worse. It's taxation without representation already! I pray for an alternative with representation!

    June 16, 2009 12:31 am at 12:31 am |
  8. Obama voter

    I wish I could take my vote back. This growing deficit is sickening. With this President, private business will be owned by the Government. Some people are uninsured because they CHOOSE to be. So you're gonna FORCE it on them? They have means and they choose not to pay for it. Not every one uninsured is poor. Also, half of the uninsured may be illegal immigrants. Give me a break!

    June 16, 2009 12:33 am at 12:33 am |
  9. renea

    Im tired of the talk about how much health insurance is going to cause we all know its not going to be free it comes with a cost and so does the war in Iraq and Afganistan but we are not so much complaining about how much they cost. congress already have health insurance so while they are complaing a lot of people still dont have it, I rather pay help pay for health insurance anyday than a war.

    June 16, 2009 12:38 am at 12:38 am |