Report: CBO Puts ObamaCare Cost At $1 Trillion

by Stephan Tawney on March 17, 2010

Rep. Joseph Barton (R-TX), ranking member on the Committee on Energy and Commerce, reports that the official non-partisan CBO score for the government-run health care legislation puts the cost at over $1 trillion. That would be consistent with reports yesterday that the CBO score came in higher than Democrats expected.

And then there’s this:

AFL-CIO President Richard Trumka is headed into a meeting with President Obama this afternoon after the White House and Congressional leaders have begun to discuss a higher-than-expected excise tax on some health care plans, in order to maintain their claim that health care legislation will reduce the deficit, a source involved in health care talks said.

Any unexpected change to the health care plan could endanger support for the bill from labor, which agreed to back it after reductions to the planned excise tax.

In other words Democrats suddenly need to hike taxes even further. That would indicate higher costs than previously expected.



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