WASHINGTON — Congressional budget referees say Senate legislation that's now the foundation for President Barack Obama's health care plan would cut the federal deficit by $118 billion over 10 years.
The Congressional Budget Office says the $875 billion, 10-year plan would provide coverage to 31 million people who'd otherwise be uninsured. And it says the cost would be more than offset in savings from changes in Medicare and other programs.
Obama's plan would build on the legislation passed by the Senate on Christmas Eve, by expanding subsidies for health insurance premiums, closing the Medicare prescription coverage gap, and making scores of other changes.
No estimates are yet available for Obama's latest proposal, but Democratic leaders want to keep the 10-year cost at around $950 billion
Answer by mancosmomma at 1:25 PM on Mar. 11, 2010
Answer by itsmesteph11 at 1:28 PM on Mar. 11, 2010
Answer by NotPanicking at 1:38 PM on Mar. 11, 2010
Answer by mancosmomma at 1:40 PM on Mar. 11, 2010
Answer by NotPanicking at 1:57 PM on Mar. 11, 2010
Answer by Crissy1213 at 2:36 PM on Mar. 11, 2010
Answer by Anonymous at 2:39 PM on Mar. 11, 2010
Answer by Anonymous at 2:40 PM on Mar. 11, 2010
Answer by Anonymous at 2:44 PM on Mar. 11, 2010
LOVE this part:
"CBO has not completed an estimate of all of the discretionary costs that would be associated with the legislation. Those costs would depend on future appropriations and are not included in today’s estimate of the direct spending and revenue effects of the bill."
Basically, the CBO is saying their estimate doesn't even include all the possible costs. That's like me estimating my budget while leaving out the cost of food, clothing, gasoline, electricity and other variable expenses.
Answer by mancosmomma at 3:23 PM on Mar. 11, 2010
Next question overall
For those who have had a child removed from Daycare/school