Obamacare will cost American taxpayers ‘$1.2 trillion or more over’ 10 years, and everyone would still not be covered.
Also view our list of 111 new bureaucracies created by Obama’s socialized healthcare plan.
Obamacare will cost American taxpayers '$1.2 trillion or more over' 10 years
The health care bill headed for a vote in the House this week costs $1.2 trillion or more over a decade, according to numerous Democratic officials and figures contained in an analysis by congressional budget experts, far higher than the $900 billion cited by President Barack Obama as a price tag for his reform plan.
While the Congressional Budget Office has put the cost of expanding coverage in the legislation at roughly $1 trillion, Democrats added billions more on higher spending for public health, a reinsurance program to hold down retiree health costs, payments for preventive services and more.
Many of the additions are designed to improve benefits or ease access to coverage in government programs. The officials who provided overall cost estimates did so on condition of anonymity, saying they were not authorized to discuss them.
http://news.yahoo.com/s/ap/20091102/ap_on_bi_ge/us_health_care_overhaul
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