Another Estimate on the Cost of Kennedy’s Health Bill: It’s More Like $4 Trillion

By Filed under New Health Care Law on June 24, 2009 with 5 comments

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.

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  1. What does $1 trillion get you? « MI HealthFacts says:
    June 24, 2009 at 9:52 am

    […] John Goodman passes on the news that Health Systems Innovations’ analysis of the bill says that it will cost $4 trillion over […]

  2. Tom H. says:
    June 24, 2009 at 4:42 pm

    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.

  3. John Goodman says:
    June 24, 2009 at 4:44 pm

    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.

  4. Numbers Lie, Health Care Edition: $4 Trillion « The Marginalist: says:
    July 7, 2009 at 8:43 pm

    […] tip to John Goodman: The Kennedy Bill, if it covers all Americans, will cost about $4 Trillion. Steve Parente and […]

  5. Numbers Lie, #I-Lost-Count-Already: Health Care (again) « The Marginalist: says:
    July 7, 2009 at 9:33 pm

    […] public uproar over a health insurance plan that was going to cost as $1 trillion (or $2 trillion or $4 trillion, but who’s counting?), the Democrats have put forth a new bill that claims to cost […]