Thursday June 18, 2009
The Senate Finance Committee is working to keep the cost of health reform below $1 trillion over the next 10 years. According to the Wall Street Journal, this is a difficult task considering that the Congressional Budget Office has estimated that the cost of reducing the number of uninsured Americans by 40 million would be approximately $1.6 billion over the next 10 years, and that would still leave 15 million Americans without insurance.
If the committee can find a way to keep costs below $1 trillion, this spending should be fully covered by redistributing money from other government programs, as well as tax increases.
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