October 7th, 2009
04:43 PM ET
5 years ago

Key committee health care bill projected to cost $829 billion

WASHINGTON (CNN) - The amended version of the Senate Finance Committee's health care bill will cost $829 billion over the next ten years, according to an analysis released Wednesday by the non-partisan Congressional Budget Office.

Finance Committee Chairman Sen. Max Baucus, D-Montana, had estimated that the revised bill would cost roughly $900 billion.

Before the bill was amended, the CBO projected that the Finance Committee bill would cost $774 billion; Baucus estimated that it would cost $856 billion.

The Finance Committee recently boosted the bill's overall price tag in part by voting to exempt senior citizens from higher taxes on medical expenses.

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Filed under: Health care • Senate
soundoff (64 Responses)
  1. S Callahan NYS

    And just think of all the savings you will have once you take out all the various clauses that 'allow' Governement (federal) funding of abortions............before you know it we will down to lucky 7.

    Remember President Obama..you gave YOUR word on this!

    October 7, 2009 07:14 pm at 7:14 pm |
  2. diggin' for de troof

    T – i – i – i – m – e, people....it's a deep hole we've sat around and allowed ourselves to be dug into so it's going to take t-i-i-i-i-i-me and plenty of it to fill it to the cumfy zone. But, keep the faith! ! ! We have the master excavator on the ole steam shovel with his caterpillar experts slugging in. Every now and then a Limbaugh, a Palin, a DeGrasso, or a Gingrich, et. al., lays down in front of the heavy equipment hoping to appeal to the bleeding heart liberals' capacity for compassion. But will the mean-spirited conservatives win out in the end?. You bet their flattened bodies they won't! ! ! !

    October 7, 2009 07:59 pm at 7:59 pm |
  3. Anthony

    Well... ALL of you finding yet another thing to complain about, I for one will gladly sacrifice further budget debt for the right cause. NOW.... if you add up the WAR cost, then this Health Care amount is something I am more then willing to sacrifice, to see to it that my children have Health Insurance, versus still being in a recession and our country off fighting yet another pointless war with some country we havent chosen yet, and NOT having Insurance. You people are backwards.

    YOU PEOPLE SHOULDVE STARTED COMPLAINING 7 YEARS AGO...
    not now, and not when its for a just cause like the health and well being of this country's citizens.

    October 7, 2009 08:01 pm at 8:01 pm |
  4. Hammerer

    $500 billion of that is for the insurance industry and the Dems say that the Repubs are in the insurance industry's pocket. Guess who pays for this - the working class. $500 billion to the ins. company, free ride for the lazy and illegals, more taxes for the poor working stiff.
    Change you can believe in - yea right!

    October 7, 2009 08:18 pm at 8:18 pm |
  5. ThinkAgain

    Public option, please. It will guarantee true competition in the marketplace, lowering costs to consumers and forcing insurance companies to be more responsible with their money, i.e., stop paying their CEOs outrageous salaries that only drive up costs with no benefit to anyone except the CEOs themselves.

    October 7, 2009 08:18 pm at 8:18 pm |
  6. ThinkAgain

    As the ripple effect of health reform – that includes a robust public option – spreads throughout our economy, we will see it as a bargain.

    Higher productivity from workers; decreased expenses for small businesses; lower infant mortality rate; less money spent on ER visits by the uninsured and underinsured.

    All these things add up to a gain for our country – and are why 65% of Americans want health care reform to include a public option.

    October 7, 2009 08:21 pm at 8:21 pm |
  7. ThinkAgain

    I've lived in third world countries and what defines them most is their unequal distribution of wealth: the top 2% own everything and there is virtually no Middle Class.

    This is exactly what the previous Administration tried to accomplish with its tax cuts for the wealthy and runaway military spending. It all started with Reagan and his voodoo, tinkle-down economics.

    The way to pay for health care reform is to take income tax rates on the top earners back to the levels of Reagan: 39%. Right now, the top rate is 36%.

    I'm thinking the wealthy can afford it. It's the least they can do – without the opportunities our country has given them, they'd be nothing.

    October 7, 2009 08:24 pm at 8:24 pm |
  8. ThinkAgain

    A great way to pay for health care reform is to eliminate the cap on FICA. Right now, you do not have to pay any FICA for everything you make above $90,000.

    Think how much money that would generate, if the wealthy had to pay their fair share of FICA!!!

    October 7, 2009 08:25 pm at 8:25 pm |
  9. Dean

    victim of republican greed October 7th, 2009 5:51 pm ET

    Do you wingnuts realize how many jobs would have been lost if the auto industry had not been helped out? Thanks for being the party of "No!."

    ...............Do the left wing idiots realize how many of the cars sold that you taxpayers subsidized were Japanese? Do we really need to help Japanese factories with American tax dollars?

    The problem with socialism is that eventually you run out of other peoples money.

    October 7, 2009 08:37 pm at 8:37 pm |
  10. xavier

    The GOP is about to gets its butt kicked, and kicked good!

    October 7, 2009 08:43 pm at 8:43 pm |
  11. Dex Houston TX

    Did I miss something or is there no PUBLIC OPTION in this bill. What is happening....do the insurance companies have so much money and power that no one in Congress can resist temptation.
    President Obama was right, Washington is a place where dreams go to die...GREED AND IGNORANCE rules this country.

    There can be no healthcare reform with a PUBLIC OPTION!

    October 7, 2009 08:56 pm at 8:56 pm |
  12. JES

    I thought Obama said there would be not additional cos to taxpayers.

    That could be to their health care not everyone else sorry I forgot it's all about the Government run Government.

    October 7, 2009 09:24 pm at 9:24 pm |
  13. Independant Vet

    Obama knows where to get the dollars.

    His option will be , China to loan him the money , he ststed long ago , he was going to change the flag an our National Anthmen , for he never liked it anyway , So is he going for the Likes of China ???

    And in the Anthem he didn't like the Bombs Bursting in Air, So that will change to Uhh Huhh , Wright. Pelosi .

    October 7, 2009 09:24 pm at 9:24 pm |
  14. dan smith

    Let's see! Social security and medicare will be underfunded in 15 years according to the general accounting office. So Obummer comes up with a brilliant plan for the government to run healthcare. And what happens to health care once that money dries up, everyone will be uninsured since companies will no longer provide insurance through work and private insurance companies will no longer exist. But don't worry Obummer and the dumbocrats will take care of us, everyone knows what a bang up job they did with the banking and housing industry.Yeah Obummer was in the middle of that scandal too along with his buddies Chris Dodd and Charley Wrangle. So let's give them even more power so they can screw things up beyond all repair.

    October 7, 2009 09:51 pm at 9:51 pm |
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