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The Republicans on the Senate Budget Committee have unearthed some interesting and deeply disturbing data about the various healthcare plans floating around Capitol Hill.
Here’s what you need to know: the Congressional Budget Office provides an estimated cost over 10 years. BUT, the healthcare bills are not fully implemented until the fourth year. As a result, the CBO estimate, which is already ridiculously high, actually underestimates the costs.
Below is a chart showing the costs of the legislation during the first ten years and also shows the cost over the first ten years of implementation, which is the more relevant number.
And what do we find? From the Senate Budget Committee:
When fully implemented, the House bill will cost $2.4 trillion over ten years, and the HELP bill will cost $2.2 trillion over 10 years.