Obama's Plan to Change U.S. Health Care System Will Cost Nearly Two TRILLON Dollars
Two Senate staffers, one Democratic and one Republican, said the Congressional Budget Office made the estimate for the Finance Committee version of the bill. The Senate Health, Education, Labor and Pensions Committee version would cost $1 trillion over ten years, but would only cover about one-third of the nearly 50 million uninsured.
The staffers who disclosed the latest estimates spoke on condition of anonymity because of the sensitivity of negotiations over the legislation.
A Finance Committee Democratic aide, who also spoke on condition of anonymity, indicated committee members are working to lower the cost to less than $1 trillion over 10 years, a level preferred by the Obama administration.
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- regjoeschmo
- added this
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ahhh, and that is just the tip of the iceberg...people don't really have a handle yet on the depth of the changes he is attempting to implement.
electronic medical records connected to dna profiles, the implications for both good and bad are astounding.
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- Incredulous
- 5 months ago
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The alternative already costs far more than that to society.
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- Vierotchka
- 5 months ago
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What the final cost is means nothing until we find out what the benefits are.
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This subject reminds me of reading about the deception of our elected leaders concerning the eventual beginning of the income tax. The sensible people at that time reasoned that an income tax would isolate the government from its actions. In other terms, with a business tax, if the government passed laws decreasing the incentive to be in business, the business would close, thus stopping the money from being received. With income tax the only way to stop a government from receiving funds regardless of their policies is to not work!
How is that working for us? mandatory health care can backfire in a opposite way. I predict the people paying income taxes will all quit and go to the doctor!
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Aside from global recession there is another conflict the brought confusion among U.S citizen it is about the issue of the health care cost. The health care costs that are indicated to be wasteful are behavioral, clinical, and procedural – what that means is that behavioral patterns could be addressed by someone other than a doctor, clinics order unnecessary tests, and health insurance companies might be padding their bills. The biggest cause of people needing an extra cash advance for medical care is overtesting – unnecessary procedures so the physician can cover himself legally, or just gouge patients for cash. Doctors padding bills – no wonder health care costs
drive people to needing a personal loan for a simple check up.For more info visit: http://personalmoneystore.com/moneyblog/2009/08/11/healthcare-dollars-drain/
