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CBO Cost Estimate on Kennedy Health-Reform Bill: $1T

Discussion in 'News & Current Events' started by Revmitchell, Jun 16, 2009.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Feb 18, 2006
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    The Congressional Budget Office's first cost estimate on an early health-care reform bill didn't exactly roll out the red carpet for President Obama's efforts in that arena.

    The initial estimate -- for parts of a comprehensive reform plan drafted by Senator Edward Kennedy (D-Mass.) -- would spend $1 trillion over 10 years but end up reducing the number of uninsured people in the U.S. by around than a third, providing just 16 million more people with health insurance.

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