Actual Cost of the Senate Health Bill: $1.6 Trillion, Not $848 Billion
This is from Joe Antos (AEI):
- The total amount of new federal health spending in the bill in addition to the cost of expanding health insurance coverage is $1.2 trillion.
- The CBO estimate assumes that Congress will cut Medicare payments to physicians by $245 billion over the next decade — cuts that will never happen.
- The bill includes at least an additional $150 billion cut in payments to Medicare and Medicaid providers that will never occur.
This means the real cost is double what we have been told.
No surprise. I’m surprised, however, that anyone else is surprised.