Steve Parente and colleagues at Health Systems Innovations have scored the entire bill and come up with a ten-year cost of $4 trillion, including $460 billion in new spending in 2010 alone. This estimate assumes the mandates and coverage expansions will actually work and 99% of the population will be covered.
5 thoughts on “Another Estimate on the Cost of Kennedy’s Health Bill: It’s More Like $4 Trillion”
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Glad to see this. Steve Parente does good work. However, it’s unrealistic to think that 99% of the public would be insured. Probably a reaseon goal is to cut the number of uninsured in half.
Parente also has an estimate of the tri-committee draft bill in the House. He puts the cost at $3.5 trillion. I’ll blog on that tomorrow.