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CBO: Healthcare Reform To Cost $940 Billion Over The Next Decade

March 24, 2010 by  

CBO: Healthcare reform to cost $940 billion over the next decadeLast week, the Congressional Budget Office released a report which estimates that the updated healthcare reform bill will cost approximately $940 billion over the next 10 years.

House Majority Leader Steny Hoyer said the measure will cut the federal deficit by as much as $130 billion in the next decade, and more than $1 trillion over the following 10 years due to revenue increases and cost savings, compared to the current system.

“I think the momentum is growing for this bill,” said Hoyer. “The more and more people have looked at this bill…a greater number of people are becoming more comfortable.”

The release of the estimate may set the table for a final vote on healthcare reform in the House this Sunday. Democratic leaders plan to post the reconciliation bill online Thursday to give the public and some conservative Democrats 72 hours to review the language, Fox News reports.

The package that was considered by the budget office was the Senate bill combined with supplemental changes instituted by members of the House. If Democratic leaders decide to use the parliamentary tactic known as budget reconciliation, and all indications are that they will, Republicans will not be able to prevent the bill from getting to President Obama’s desk.
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  • s c

    I am so impressed. Obummer found a way to “save” us $60 billion (on paper, of course). Geepers, now we’re safe and everything will be beautiful.
    Getting back to reality, the only way Obummer can save anyone anything is to literally ‘cook the books.’ That, by the way, is an old ultraliberal progressive trick. Only after 10 years will we know for certain (and be able to prove it). By then, Obummer will be a faint memory, and another generation of criminals will take over for him.
    I’m willing to bet their favorite #1 song-and-dance routine will be to “save us from ourselves.” Where have I heard that tune before?

    • Joe H.

      SC,
      I saw the reason they “saved” money today. After all the hulabaloo about pre-exhisting conditions they left out all kids with pre-exhisting conditions!!!!! what dumbazzes they Be!!!! they said they will fix it but the dirt is already done!!!

  • JeffH

    Certainly the CBO has always been given all the right information and they have always been consistent with their coin tosses. Thank goodness that they are never too far off. Yea right!

    WASHINGTON – Congressman Connie Mack (FL-14) praised a new study released by FreedomWorks Foundation today that questions the reliability of scores, or cost estimates of legislation, prepared by the Congressional Budget Office (CBO).

    In their report, FreedomWorks highlighted several examples of how CBO scores, at worst, have been up to 2,600 percent higher than the actual cost of legislation. FreedomWorks Foundation’s report can be accessed at http://www.freedomworks.org/publications/capitol-comment-432

    Mack said:

    “I applaud FreedomWorks for completing this important analysis of how incorrect Congressional Budget Office scores truly are. Members of Congress have come to rely on the scores produced by the CBO to determine the cost of legislation, but relying on these scores is futile. If one were to apply FreedomWorks’ findings to the current health care debate, the true cost of the legislation will be trillions more than the $848 billion that the CBO is currently projecting.

    “While I am strongly opposed to the Democrats’ proposed government takeover of our health care system, I am amazed at the number of Members of Congress who are hiding behind CBO scores before determining where they stand on this legislation. If history is any indicator, as FreedomWorks has shown us, relying on CBO scores is irresponsible, given their inaccuracy.”
    http://www.bignews.biz/?id=828861&keys=Congressman-Connie-Mack-FreedomWorks

  • Norm

    Having com problems. just testing.

  • http://www.personalliberty.com/news/pediatric-patients-with-chronic-pain-look-to-acupuncture-19609231/ James A Graham

    ——-Original Message——-

    From: James Graham

    From: S STEELE
    Subject: FW: Proposed 28th Amendment to the United States Constitution

    As a widow of a military retiree, who stood with her husband for over 20 years while he served this country (which was the greatest in the world until this Congress and President took over), I have to say I agree. Shirley

    As a retired military man that have given over twenty-seven years of my life to my country, I truly feel that what this
    Country needs most is a new amendment to the Constitution . I am recommending that we add the 28th amendment to the Constitution of the UNITED STATES.

    For too long we have been too complacent about the workings of Congress. Many citizens had no idea that Congress members could retire with the same pay after only one term, that they didn’t pay into Social Security, that they specifically exempted themselves from many of the laws they have passed (such as being exempt from any fear of prosecution for sexual harassment) while ordinary citizens must live under those laws. The latest is to exempt themselves from the Healthcare Reform that is being considered…in all of its forms. Somehow, that doesn’t seem logical. We do not have an elite that is above the law. I truly don’t care if they are Democrat, Republican, Independent or whatever. The self-serving must stop.

    This is a good way to do that. It is an idea whose time has come, Jim.

    Proposed 28th Amendment to the United States Constitution:

    “Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Congressman, Senators and Representatives; and, Congress shall make no law that applies to the Congressman. Senators and Representatives that does not apply equally to the citizens of the United States”.

    This 28th amendment to the Constitution of the UNITED STATES Will apply to all passed, present and future
    congressman, Senators And Representatives.
    Just think how must money this action would save the tax payers!!!!!

    HTCM USN Retired James A. Graham E-Mail address is ( jagraham@charter.net ) Please forward !!!!!!!

  • RivahMitch

    Actually, the ONLY reason they are able show the fictitious saving is by putting the so-called “Doc fix” (compensation for medicare services) in a seperate bill. The anticipated $500,000,000,000 (that’s $1/2 trillion) puts the cost back in the hole.

    Alternatively, of course, they can forget the “Doc fix” and start defacto rationing and “Deathcare” a little early as more doctors decline to take medicare patients because they lose money… Great solution for the Kenyan marxist as he can then blame the “Greedy Doctors” as his new program makes them government slaves.

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