March 18th, 2010
07:35 PM ET
4 years ago

Health reform: Where the money will come from

The new health care plan could reduce the deficit by $138 billion over the first 10 years.
The new health care plan could reduce the deficit by $138 billion over the first 10 years.

New York (CNNMoney.com) - Democrats pushing for health care reform are closer to the finish line than ever, but it's not over yet. And the question of cost will remain a central issue in coming days.

On Thursday, the Congressional Budget Office weighed in with a key - if still very preliminary - cost estimate.

The latest bill is a mix of provisions from a bill the Senate passed last December and proposals made by President Obama last month.

Like the Senate version, the so-called reconciliation bill would provide government subsidies to low- and middle-income families buying health insurance on their own, expand eligibility rules for Medicaid and provide coverage for a majority of uninsured Americans.

It would also establish a number of insurance reforms.

Full Story on CNNMoney.com

soundoff (12 Responses)
  1. Pragmatic

    too bad republican leadership wasn't as concerned with asking "where's the money coming from?" as we began the war in Iraq. But then, the chant was "you are for us or against us ... traitor!" Was that before or after Cheney pontificated that "deficits don't matter?"

    Not a perfect bill but its a start. Tweak it, then let the voters decide in the next several elections. If you want to return to the status quo of "always money for war – never money for Americans!" you know how to vote.

    March 18, 2010 07:44 pm at 7:44 pm |
  2. Richie in Mass

    It's all magical accounting. You can't estimate the 2nd 10 years. They got the stimulus wrong less than a year later its 862 Billion not the 787 billion the CBO scored it for, Yeah, this is bull. Lies, Lies and more Lies!!!

    March 18, 2010 07:46 pm at 7:46 pm |
  3. Ken in NC

    The simple way to pay for health care and reduce the deficit would be to tax Insurance Companies an amout equal to what they spend on a daily basis fighting the bill, tax all members of Congress and the Senate 100% of the funds donated to them by the Insurance Companies and then cut their pay in half. If this is done then the deficit and the Congress and the Senate would be eliminated in 3 years or less. LOL

    March 18, 2010 07:49 pm at 7:49 pm |
  4. John

    We have finally after this long year of debate found the "death panel", it's the republican party.

    March 18, 2010 08:04 pm at 8:04 pm |
  5. lila

    Well, Lets get her done. This is a good bill. Better than the first draft. I like it. The hard work shows. I'm all for it. Pass it.

    March 18, 2010 08:07 pm at 8:07 pm |
  6. Center left-out

    History will show that the Democrat will be rewarded for taking on a major crisis facing the American people. Once again the Republicans will be remember for being on the wrong side of history.

    March 18, 2010 08:18 pm at 8:18 pm |
  7. Keith in Austin

    If spineless Democrats fall victim to Obozo's healthcare fiasco, the American people (paying for this sleazy plan) will vote every single one of them out of office! Although the parasites living off the American taxpayers will be giddy with yet another major entitlement, the next elections will ensure that this great Nation is taken back. This is as sure as rain. The clock is ticking! That's a promise.

    March 18, 2010 08:24 pm at 8:24 pm |
  8. raj

    From no where, it will be printed inside FED ,,, This is a tickling time bomb that going to explode,, IF govt can't pay doctor for current medicare patient how they will afford another 40 million people ??? How much medicare they will cut ?? Lot of doc already has started opting out medicare? People will have insurance but doc is not going to accept it

    March 18, 2010 08:35 pm at 8:35 pm |
  9. Henry Miller, Libertarian, Cary, NC

    "the so-called reconciliation bill would provide government subsidies to low- and middle-income families ...., expand eligibility rules for Medicaid and provide coverage for a majority of uninsured Americans."

    In other words, working Americans will by robbed to pay for deadbeat losers, irresponsible, improvident, indolent whiners, without whom the the country would be a great deal better off.

    March 18, 2010 08:41 pm at 8:41 pm |
  10. D.

    No one care what is in the bill, it is merely a conduit to a public option like Canada and the UK. It will generate the crisis that will be exploited next to move to a government run health care. When 50% of the economy is run by democrats for democrats and of democrats, then we know "change" was achieved!

    March 18, 2010 08:55 pm at 8:55 pm |
  11. Andy

    As all else,the tax payer will pay for the 50% that pay zero.How else,can not pick the money off a money tree.The tax payer once again must pay for the government parasites.Democrats=welfare=parasites of society

    March 18, 2010 09:03 pm at 9:03 pm |
  12. John

    Where will the money come from?

    How about the money now deposited into the pockets of health insurance company executives and shareholders instead gets diverted into...oh...say...actual delivery of health care.?

    March 18, 2010 09:11 pm at 9:11 pm |