Now, the cost of this huge program is going to be at least 12% higher than the $850,000,000,000.00 cost that was promised by a lying Democratic Congressional leadership. The CBO says that it will be nearer to $1,000,000,000,000.00... that's a staggering sum.
The additional spending...would bring the total estimated cost of the overhaul to over $1 trillion.
We can't afford that now, what will the real cost be in 10 years...after all, Medicare was projected to cap in the late 1990's at $40 billion dollars...the real cost is 10 times that at $400 billion dollars per year. If the projected costs are going to be 12% higher now, six weeks after passage...what does that say for the real dollar amount we will be forced to pay? ABC is reporting that,
The revised figure is due to estimated costs to federal agencies to implement the new health care reform bill – such as administrative expenses for the Internal Revenue Services and the Department of Health and Human Services -- and the costs for a "variety of grant and other program spending for which specified funding levels for one or more years are provided in the act."The time has come to vote ALL INCUMBENTS OUT, regardless of party. These idiots have spent our treasure wastefully and have refused to secure the borders of this country. It's time for a change...
Read more: http://www.politico.com/news/stories/0510/37081.html#ixzz0nm4faayg