President Obama's Health Care Bill Passed Cost Analysis
President Obama's health care bill proposal has passed a crucial test: the cost analysis. One of the main original criticisms was that it was not economically efficient. Now that it will stay under the $900 billion budget it is seen as a success. Republican skeptics now criticize that a different "real" bill that the Democrats would likely push to pass would have different results.
Maybe the bill can take even longer and change even more before it does or does not pass. I guess we know what my criticism is.
The much-anticipated cost analysis showed the bill meeting President Obama’s main requirements, including his demand that health legislation not add “one dime to the deficit.” Indeed, the budget office said, the bill would reduce deficits by a total of $81 billion in the decade starting next year.
Within minutes of receiving the report, Mr. Baucus, the chief author of the bill, was on the Senate floor, boasting that it would cover millions, reduce the deficit and revamp the health care system for the 21st century. “The report is good news,” he said. “Our balanced approach in the Finance Committee to health reform, I think, has paid off.”