« BACK  |  PRINT

RS

EDITOR OF REDSTATE

Democrats’ Healthcare Legislation Will Actually Cost Over $2 Trillion

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.

image

COMMENTS

  • potter

    The unspoken motive for attempting to pass universal healthcare is that it will help Congress and Obama slow down the bankruptcy of social security. All they have to do is make sure they kill a lot of old and disabled people by rationing or denying services to them. Fewer SS payments will be needed.

    Just imagine how the American people would react if they thought of Obamacare in these terms.

  • ss396

    At least the CBO reads the legislation.

  • skorrent1

    Who place any credence in 10-year budget projections are the ones who believe we can predict climate a century hence.

    Tomorrow’s weather, give or take a few clouds, OK. Next year’s spending, within a few hundred billion, maybe. Anything more than that and I’m laughing.

  • 6eorge Jetson