Why the Healthcare Rerform Bill Will Cost More than Predicted
Friday, October 16th, 2009The Senate Finance committee just approved a healthcare reform bill that is projected by the Congressional Budge Office (CBO) to cost $829 billion. They are even predicting that it will reduce the deficity by $81 billion.
Don’t believe it.
Since the actual bill has not been written yet, the CBO is estimating the cost based only on conceptual language. The CBO has acknowledged that the actual legislative language could result in significant changes in its estimates. Unfortunately for those of us who believe in honesty and transparency, the Democratic congressional leaders killed a requirement that the actual language of the bill be posted online at least 72 hours before Congress votes on it. (more…)
