Thursday, August 13, 2009
(Editor's note: The following is the last in a series of editorials that began Tuesday relating to President Obama's heath care reform effort.)
According to the politically neutral Congressional Budget office the current U.S. House version of health care reform will cost more than $1 trillion.
Supporters argue revenue/savings provision in the bill will substantially pay this tab. On the surface at least, they appear to be right.
An analysis by The Washington Post starts with a cost of $1.04 trillion. Subtract savings the bill calls for and that number reduces to about $8 billion. Subtract new taxes and other revenues levied by the bill and the total nets out at a $289 billion addition to the federal deficit.
But … and there are a lot of buts. (more)