Content by Issue > Nationalized Healthcare > ObamaCare’s Cost Could Top $6 Trillion
ObamaCare’s Cost Could Top $6 Trillion

Posted by Michael F. Cannon
November 27, 2009 @ 10:06 pm

"Congressional Democrats are using several budget gimmicks to disguise the cost of their health care overhaul, claiming the House and Senate bills would cost only (!) about $1 trillion over 10 years. Now that critics have begun to correct for those budget gimmicks, supporters of ObamaCare are firing back.
"...When we correct for both gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of ObamaCare reaches — I’m so sorry about this — $6.25 trillion. That’s not a precise estimate. It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be."

http://www.cato-at-liberty.org/2009/11/27/obamacares-cost-could-top-6-trillion/

 
 

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