August 23, 2009

CAN ANYONE HELP WITH THE MATH HERE?:

The cost of healthcare reform: Congressional Democrats are looking at various ways to finance their overhaul legislation. (Noam N. Levey, August 23, 2009, LA Times)

How much is it going to cost to overhaul the system? [...]

In the Senate, a bill developed by the health committee would spend nearly $780 billion over the next decade to expand coverage, not including fees and penalties that could help offset some of that cost, according to the nonpartisan Congressional Budget Office. The bill written by senior House Democrats would spend $1.26 trillion to expand coverage before accounting for the fees and penalties. [...]

How can the country afford that?

Part of the bill would be paid by people and companies that don't abide by new mandates that would require individuals to get coverage and require medium-sized and large businesses to provide health benefits to their employees. The CBO estimated that the Senate health committee bill would generate about $88 billion in such penalties over the next decade. The House bill would produce about $192 billion.


What's $1.25 trillion minus $88 billion?

Posted by Orrin Judd at August 23, 2009 7:07 AM
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