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CBO: Senate Finance Outline Would Cost $900 Billion
You know what happens when you strip a bunch of benefits out of a piece of legislation intended, in part, to provide benefits? It gets cheaper! The CBO says the Senate Finance Committee's nascent proposal will require $900 Billion in new outlays and cover 95 percent of Americans.
That's news that will please chairman Max Baucus (D-MT) who's said he wants his legislation to come in at under $1 trillion. Many experts suggests that robust reform will likely require more new expenditures than that. But to avoid sticker shock, and win some Republican support, Baucus' committee has cut back on the extent and quality of proposed benefits.
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Brian
"But to avoid sticker shock, and win some Republican support, Baucus' committee has cut back on the extent and quality of proposed benefits."
But to keep their corporate masters happy and writing checks Baucus' committee has cut back on the extent and quality of proposed benefits.
Fixed it.
July 29, 2009 12:19 PM | Reply | Permalink
That's still $300 billion more than the HELP committee bill which covers 97% of the people!
Baucus is a LOSER!
July 29, 2009 12:24 PM | Reply | Permalink
"But to avoid sticker shock, and win some Republican support, Baucus' committee has cut back on the extent and quality of proposed benefits."
More like: "But to avoid sticker shock, and win some pointless Republican "support", Baucus succeeds in making health care reform anything but, and further erodes the position of the President."
But hey, he's hanging, hard, onto that precious bipartisan unity unicorn. . .
July 29, 2009 12:24 PM | Reply | Permalink
Hey 6 million people, screw you!
July 29, 2009 12:29 PM | Reply | Permalink
"win some Republican support"
Call the Bill - the "HELP Wall Street Get Healthy Bill" - and you will have Tons of republican support.
Support that totals over $23 TRILLION to Keep Wall Street HEALTHY (and Balloon the US Debt).
So $1.2 Trillion to Make more Americans Healthy - a drop in the bucket.
July 29, 2009 12:36 PM | Reply | Permalink