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CBO Ups Cost of ObamaCare by $115 Billion

John on May 11, 2010 at 2:36 pm

This is “discretionary spending” which means it’s not actually required by the bill per se, it’s just that the requirements of the bill make it all but inevitable the money will be spent:

The Congressional Budget Office expects the federal agencies to spend $10 billion to $20 billion over 10 years on administrative costs to implement the overhaul. The CBO expects Congress to spend an additional $105 billion over 10 years to fund discretionary programs in the overhaul.

The CBO released the estimates in response to a request from California Rep. Jerry Lewis, ranking Republican on the House Appropriations Committee. A spokeswoman for Lewis said the inquiry was filed before the House voted on the bill.

As it turns out this almost precisely negates the amount the bill is supposed to reduce the deficit, i.e. $138 billion. And of course that doesn’t include all the other double counting and false promises used to arrive at that imaginary number. Still, it would have been nice to have this before the vote. I’d have loved to see Ezra Klein’s blog post about how the bill should be passed because it would save $23 billion over ten years.

[FYI, this is the second post I've intended to tip to Hot Air only to discover they've beat me to the punch by 15-20 minutes. It's hard to stay ahead of those guys, that's for sure.]

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Category: Health & Education |

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