Thursday, October 8, 2009

CBO: Health bill would cost $829B

The Congressional Budget Office said Wednesday that the latest version of the Senate Finance Committee proposal would expand coverage to 94 percent of all eligible Americans at a 10-year cost of $829 billion. Read more at Breitbart...

    "A celebration of the deficit effects masks who pays the bills," said Iowa Sen. Chuck Grassley of Iowa, the ranking Republican on the Finance Committee. "This package includes hundreds of billions of dollars in new taxes and fees. Most Americans with health insurance will see their premiums increase."
The LA Times reports, "[T]he bill would expand the percentage of Americans with health insurance from 83% to 94%, according to the estimate."

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