CBO: New House Health Bill Spending Estimate, $3 Trillion over 10 Years (22% of GDP)
Senator Gregg stated, “The CBO estimate released last night finally sheds light on the smoke and mirrors game the majority has been playing with the cost of their health care reform proposal. Over the first 10 years, this legislation builds in gross new spending of $1.7 trillion – and most of the new spending doesn’t even start until 2014. Once that spending is fully phased in, the House Democratic bill rings up at more than $3 trillion over ten years. “Additionally, this bill cuts critical Medicare and Medicaid funding by $628 billion, accounts for nearly $1.2 trillion in tax and...
Original Article: Forum: News/Activism
Tags: 10 Years, Cbo, Democratic Bill, Game, Gdp, Gross, Health Bill, Health Care Reform, Legislation, Medicaid, Medicare, New House, Reform Proposal, Senator Gregg, Trillion, X96