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.
This is all good and all but what about the public option? I want the public option!
Sounds reasonable. A long-term plan to help working people purchase a basic commodity, at about the same cost as the Bush/McCain bank bailout last fall.
Who cares about Giuliani and his endorsements. Too bad Meg didn't bother to vote for decades or show any interest in fulfilling her obligations as a good citizen. Obviously, her new found interest in government etc. is only because it will feed her power hungry ego. Sorry dear you haven't paid your dues. Isn't Giuliani the same guy who went on national TV to assure us all that brain-dead Palin was the one to lead our country in the last election. Sounds like Rudy is best at picking losers.
Ten years of health care for less than 1.5 years of national defense. Why do we talk about health care as a ten year projection? Its 8 billion per year! If we framed the defense budget that way it would be about a trillion over ten years not including suplementals.
What's another couple hundred billion.
$829 billion dollars..the reason this travesty will never happen
this is a big if...... if they actually cut $400 Billion from medicare to get the so called waste out and they say they know where this waste is... My question is if they already know where to get it why haven't they already addressed it before??? apparently this was brought up by republicans before and brought to the floor but only gained 24 votes in a democratic congress..... Makes me wonder which democratic house members are in the pocket of the MEDICAL lobbyists.... this is a joke still.... and oh yes illegal aliens will get coverage under this plan... and employers will be dumping there health care plans and shove millions onto the public plan and just pay the penalty which will make this bill a farse as far as it being deficit neutral..... hope you all like long lines and less medical attention.... oh goody
And we will get a bill that the dems haven't even read! Say no! Here's the answer:
– No pre-existing conditions
– Vouchers for poor.
– buy across state lines.
THERE YOU GO. No public option!!
CNN do an analysis for us novices. How much is the gov't spending on healthcare today. Compare the two figures for us please.
CNN leaves out something important:
The bill, as amended, "would result in a net reduction in federal budget deficits of $81 billion over the 2010–2019 period. The estimate includes a projected net cost of $518 billion over 10 years for the proposed expansions in insurance coverage."
You heard right- this will cut the federal deficit!
What a joke.......
when was the last time a government program ever came in at or under the estimated cost?
What's another trillion? We can just print the money needed. And then watch as China, Russia, the Middle East and South America meet in private to do away with the US$, because it is in essence only worth the paper that it is printed on.
Obama is well on his way to single handidly destroying the US dollar, and everyone just sits back and watches.
Hey, what's a trillion Chinese borrowed Monopoly dollars among friends?
Pretty soon, we're going to be talking about real money.
I'd like to build a bridge to 1788, mandate our current Congress-critters cross that bridge and then meet with our Founders to see what THEY think of another under-forecast trillion dollar government entitlement program on top of the multitude of *other* failed under-forecast government entitlement programs.
In one word, to the Congress, I ask:
So this will slide from $829 billion to over a Trillion dollars in no time (anyone want to take a bet on that?). But it won't increase the deficit or cause taxes to go up (of any kind???) except for the rich, right?
Lets see 82 billion a year huh.....and with an 8 trillion deficit that bush let that was 1 trillion a year for the last 8 years...and God knows how much he threw away in Iraq because the republicans didn't count that in any budget and we don't know....so.....all that money for bush's war and they can't spend any money to help the American People...gee WHO IN HADES VOTED THEM IN TO OFFICE. WHAT HAPPENS IS THEY SAME PEOPLE SHOULD VOTE EVERY SINGLE SOLITARY CONGRESS PERSON OUT.
Until you get term limits this is the type of government we will continue to get...It is a shame that we can't start our petition to put it on the ballot ourselves. And while we are at it we should outlaw lobbyists.
YES! Many in this blog see the point....only one side of the story is told.....the bill WILL SAVE MORE MONEY than not passing it.
CNN how about this headline: 'HealthCare Bill will SAVE MONEY!!'
Talk is cheap in this administration. The Trillion dollar stimulus package was supposed to create (not save) 3.5 million jobs. Anyone remember THAT promise? It didn't. And now we're about to see unemployment go over 10%. Obama promised we would stay under 8% if only he could get the stimulus package passed (in a hurry, if you remember... so fast no one even read it). [Seeing a pattern here yet?] And now Joe Biden says it has worked beyond his wildest dreams. [What was his vision of how is was likely to work?]
This healthcare extravaganza/debacle is more likely to work as well as the stimulus package did... and that raised the deficit a lot (but hasn't come close to the stated goals... unless you're Joe Biden). Are moving targets really ok? Mission Accomplished??? [jimmy carter]
People find this outrageous? Why? Americans already spend nearly $3 trillion on the health industry every single year! Not over ten years, one year! And 30% of the cost of your private health insurance goes to administrative expenses, which is a larger portion than most government run programs! If you're going to be critical of government spending and waste, be fair and criticize the private industry on the same criteria! Otherwise you're just a hypocrite!
Less than the cost of a year in Iraq- worth every penny
CNN... how about adding that the CBO shows that...
... the BILL IS FULLY PAID FOR and ...
... will REDUCE THE DEFICIT BY $90 Billion over the 10 year period!!!
At least things seem to be moving somewhere. We desparately need something. I'm a 55 year old male, my PSA level recently rose, and United just told me, 'Thanks, but no thanks!' It can happen to anyone, folks, change needs to come and come quick.
This is good news.
A bill has finally been written and scored by the CBO that lives up to Obama's promise to not add one penny to the deficit. It even cuts the deficit by something like 80 billion.
No idea if it lives up to any other of Obama's promises because it has not been posted for anyone to read yet.
But one thing is certain, it will not be supported by the liberals because it does not have a public option. Even if it delivered on all of Obama's promises it would not be supported by the liberals because it does not have the public option.
What will happen if the majority of voters weigh in they support this bill that does not have a public option? No where if the liberals obstruct.
when are they going to put togther a resolution asking ensign to resign?
Did anyone notice that this reduction of deficit is based on assumption of reducing Medicare by billions? Rationing here we come!
The nation's grandchildren have no idea of the financial slavery that waits for them down the road. They will curse the name "Obama" forever after.