The Republican staff on the Senate Budget Committee published an estimated cost of H.R. 3962 when fully implemented over ten years: $2.4 Trillion!! That's a far cry from the $894 Billion that Speaker Nazzi Pelocchio trumpeted. Politicians have a bad habit of severely underestimating the costs of their programs, and this is no exception. Democrat Blue Dogs in the House (an endangered species) should be very afraid with this estimate. Back in August, Stephen Parente, an expert on health-care financing at the University of Minnesota came to a very similar conclusion:
PARENTE: Over the last few months, my colleagues and I at the consulting firm Health Systems Innovations have provided cost estimates of health-care reform to both Republican and Democratic members of Congress, and we’ve posted these estimates on our website as well. We believe that the Democratic bills currently under consideration in the House and Senate would cost $2.1 trillion and $2.4 trillion, respectively—much higher than CBO’s figures.
Speaker Pelosi has reportedly said that she’s willing to sacrifice seats in Congress to pass the Democrats monstrous Obamacare bills. I say we take her up on that. (HT National Review):
National Review: $2.4 Trillion for House Health Bill
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