I've been looking in to health care reform costs and one thing does not make sense. We get quoted that the cost of reform is under $900B for the first 10 years (CBO), but what about the next 10 years. Here is the Lewin Group's Sept. 9 , 2009 analysis of costs in Long-Term Cost of the American Affordable Health Choices Act of 2009 as Amended by the Energy and Commerce Committee in August 2009. While this is not THE BILL that will emerge the conclusions are what I believe to be instructive. The bill is essentially fully funded (or deficit neutral) from 2010 to 2019, but will add to the deficit $1,009.5T over the second ten years. And that number is with increased taxes on higher income individuals. Click above for the whole report or on the image for the relevant table. (HT Peter G. Peterson Foundation)
Sunday, October 25, 2009
Costs of Health Care Reform in the second ten years
I've been looking in to health care reform costs and one thing does not make sense. We get quoted that the cost of reform is under $900B for the first 10 years (CBO), but what about the next 10 years. Here is the Lewin Group's Sept. 9 , 2009 analysis of costs in Long-Term Cost of the American Affordable Health Choices Act of 2009 as Amended by the Energy and Commerce Committee in August 2009. While this is not THE BILL that will emerge the conclusions are what I believe to be instructive. The bill is essentially fully funded (or deficit neutral) from 2010 to 2019, but will add to the deficit $1,009.5T over the second ten years. And that number is with increased taxes on higher income individuals. Click above for the whole report or on the image for the relevant table. (HT Peter G. Peterson Foundation)
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