New Estimates of Health Care Reform Cost


Follow this link to the CBO estimate sent to Senator Harry Reid on March 10,2010.

I have not even begun to read the 28 page report, but I did extract this paragraph from the introductory letter:

CBO and JCT now estimate that, on balance, the direct spending and revenue effects of enacting H.R. 3590 as passed by the Senate would yield a net reduction in federal deficits of $118 billion over the 2010–2019 period. Approximately $65 billion of that reduction would be on-budget; other effects related to Social Security revenues and spending as well as spending by the U.S. Postal Service are classified as off-budget. In the estimate that was provided on December 19, the estimated budgetary impact was a net reduction in deficits of $132 billion, of which approximately $81 billion would be on-budget.

I have no idea yet whether the rest of the analysis is one I would like to hear or not.  I provide the link here for the purposes of full disclosure no matter how the chips may fall.

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