How Much Does Pelosi’s Bill Cost?
EmailABC News' Jon Karl reports:
When Speaker of the House Nancy Pelosi, D-Calif., unveiled her health care bill today, House Democrats circulated a bill summary saying it costs $894 billion, allowing Pelosi to say the bill, “meets President Obama's call to keep the cost under $900 billion over 10 years.”
But the total cost of the bill is $1.055 trillion.
How did they get the lower number?
They took the $1.055 trillion total cost and subtracted the amount of money that was estimated to come in from people and companies that pay fines for not having or not providing health insurance (more than $160 billion), giving a new “net” cost of $894 billion.
By using that method of accounting, the “net” cost of a bill that passed the Senate Finance Committee is $518 billion over 10 years. The actual cost of the Finance bill, as widely reported and cited by Senate Finance Committee Chairman Max Baucus, D-Mont., was $829 billion.
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Nancy lies? no never. hahahahahahahaha
Posted by: whatsgoingonhere? | October 29, 2009, 9:07 pm 9:07 pm
Going by this logic, let’s pretend that every American will get chronic disease immediately after the bill is signed, thus causing health care spending to go through the roof. Yes, that’s logical…
http://www.political-buzz.com/
Posted by: matt | October 29, 2009, 9:13 pm 9:13 pm
Nancy Pelosi actually said this 900 Billion dollar bill would reduce the national deficit. Are you kidding me, how does a 900 Billion bill reduce the national debt? is this Enron math?
Posted by: chris forest | October 29, 2009, 9:17 pm 9:17 pm
Trillion? I don’t think that is a big number anymore. I believe the derivative mess on the Fed’s books is over 1 quadrillion. Trillion is the new billion.
Posted by: Huh | October 29, 2009, 9:36 pm 9:36 pm
And that soft number is before they sneak in the rest of their agenda as riders on future bills. There was an article with a very high percentage of Americans that would be covered by the government plan. To get that percentage it would mean that private plans would all but completely eliminated. So be honest, tell me what the real long term plan is.
Posted by: TX_MBell | October 30, 2009, 12:03 am 12:03 am
It would cost a lot less if only citizens were eligible for the ‘public option’.
Posted by: oonogil | October 30, 2009, 1:20 am 1:20 am
What it really means is that the insurance companies get 47 million new customers, so they can afford to give more money to get these guys reelected.
Posted by: earl | October 30, 2009, 7:30 am 7:30 am
Apparently,Pelosi and the Democrats believe there is such a thing as a free lunch.I suppose they believe the Tooth Fairy will leave our children and their childrens children enough money under their pillows to pay for this latest in a long line of entitlements.The 2010 elections will be the beginning of the end for some of these so called public servants.
Posted by: Johnny L | October 30, 2009, 8:27 am 8:27 am
Betcha 3 hopes and a change that the
latest “estimate” is as real as pixie
dust.
Posted by: grizzlybare | October 31, 2009, 5:28 pm 5:28 pm