CBO: We Did Not Have Enough Time To Accurately Estimate Cost Of Health Bill

On May 13, 2010, in HCR, Obamacare, Uncategorized, by admin

The Obama administration threatened to veto parts of its own health care bill after budget scorekeepers found that the package would add at least $115 billion more to government health care spending.

President Obama’s budget office charged Congress with finding $115 billion in spending cuts or tax increases to offset the price tag hike. The figure approached the amount of money the Congressional Budget Office previously estimated the law would save, and pushed the total 10-year cost of the package past $1 trillion. It comes after a separate Medicare office report found the bill would raise spending by about 1 percent over the next decade.

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