Wednesday, May 12, 2010

Obamacare Day 50

Congressional Budget Office estimates released Tuesday predict the health care overhaul will likely cost about $115 billion more in discretionary spending over ten years than the original cost projections.
The additional spending - if approved over the years by Congress - would bring the total estimated cost of the overhaul to over $1 trillion.
"Just like other authorized programs, the discretionary programs in health reform will need to compete for funds within set budgetary limits," said a Democratic aide.
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.

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