Thursday, November 5, 2009

CBO: Republican Health Care Reform Only Costs $68 billion

The CBO has done a preliminary study of the Republican health care reform bill. The cost is only $68 billion compared to over $1 trillion for Pelosicare.

From the CBO's Director Blog:
This evening, CBO released a preliminary analysis of a substitute amendment to H.R. 3962, the Affordable Health Care for America Act, proposed by Representative John Boehner, the Republican Leader in the House of Representatives. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that the amendment would reduce federal deficits by $68 billion over the 2010-2019 period; it would also slightly reduce federal budget deficits in the following decade, relative to those projected under current law, with a total effect during that decade that is in a broad range between zero and one-quarter percent of gross domestic product.


Unknown said...

Where you going to mention that the bill only covers an additional 3 million people over the next 10 years?

Bluegrass Pundit said...

The main purpose of the Republican bill is to not to provide an entitlement to health care. The focus is on making health care more affordable for all of us. This would help increase the number of insured, but will not provide a new and expensive government social program.