House health care bill exceeds $1 trillion

WASHINGTON -- Health care legislation taking shape in the House carries a price tag of at least $1 trillion over a decade, significantly higher than the target President Barack Obama has set, congressional officials said Friday as they struggled to finish work on the measure for a vote early next month.

Democrats have touted an unreleased Congressional Budget Office estimate of $871 billion in recent days, a total that numerous officials acknowledge understates the bill's true cost by $150 billion or more. That figure excludes several items designed to improve benefits for Medicare and Medicaid recipients and providers, as well as public health programs and more, they added.

Read the whole story on Forbes or try our Toolbar
Bookmark and Share
blog comments powered by Disqus

Related stories:

  • House health care bill over $1 trillion for decade

    Oct 23rd, 2009 - kansascity

    Health care legislation taking shape in the House carries a price tag of at least $1 trillion over a decade, significantly higher than the target President Barack Obama has set...

  • Negotiators mull public option in health care bill

    Oct 22nd, 2009 - The Seattle Times

    Senior Senate Democrats at work with White House officials on health care legislation are strongly considering a requirement for the federal government to sell insurance in direct competition with private industry...

  • Democrats' Fuzzy Health Care Math

    Oct 21st, 2009 - FOXNews

    A quick trip around Hannity's America... Regardless of what side you're on in the health care debate, there's no denying the Democrats' plan is going to cost this country a great deal of money...

  • Small Group Now Leads Closed Negotiations on Health-Care Bill

    Oct 17th, 2009 - Washington Post

    Three months before he was elected president, Barack Obama vowed not only to reform health care but also to pass the legislation in an unprecedented way. "I'm going...

  • House Democrats paring cost of health care bill

    Oct 16th, 2009 - MSNBC

    WASHINGTON - Early estimates from congressional budget umpires show that House Democrats are close to President Barack Obama's $900 billion target for health care legislation...

More stories ...

Related videos from YouTube:

More videos ...

Google Search: