Senate Health Care Bill Costs $849 Billion, Reduces Deficit

5:02 pm EST November 18th, 2009 | News | 13 Comments

Now, pass it.

The health care bill will require $849 billion over 10 years in new spending, to be paid for with cuts to Medicare, while reducing the deficit by $127 billion.

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13 Responses to “Senate Health Care Bill Costs $849 Billion, Reduces Deficit”

  1. durablend says:
    November 18, 2009 at 5:11 pm

    “OH NOES OBAMA’S BACK TO KILLING GRANDMA!!!!!!” -cons

  2. jr says:
    November 18, 2009 at 6:06 pm

    I’m sure the Chamber of Commerce will put out more scary background music ads against this even though it saves money and covers the uninsured

  3. SaveFarris says:
    November 18, 2009 at 8:56 pm

    Buying the Brooklyn Bridge would have been a less gullible move on your part

  4. Indeed says:
    November 18, 2009 at 8:57 pm

    Got a link for that (so we can laugh at you once more)?

  5. abanterer says:
    November 19, 2009 at 12:57 am

    Any possibility of the Stupak Amendment being quietly shredded in the final bill? Because it needs to be taken out to the 50 yard line and shot, then burnt, the ashes placed into a rocket and sent to a distant star about to go supernova.

  6. william says:
    November 19, 2009 at 8:37 am

    Deficit neutral…LIARS!

    Reason – “At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $ 12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly “conservative” estimate. But in 1990 Medicare actually cost $107 billion.”

    All social programs end up costing 5-10 times what they originally “estimated” they would cost.

  7. locus says:
    November 19, 2009 at 11:19 am

    William,

    I’m sure you’ve seen the pie charts which compare social spending to military spending as a percentage of total federal spending.

    I’m sure you were one of the loudest voices shouting down the last Admin. who opted to keep funding wars via supplementals (and not in the actual DoD budget).

    Despite your assertion (w/o link) about a 5-10 multiplier for social programs, how much do you think DoD wastes with underestimates on their contracts? How many of those programs are duplicitous? How many are pork barrel projects made to improve reelection campaigns?

    When you think of the scale of waste, you don’t really have much of an argument to stand on.

  8. Indeed says:
    November 19, 2009 at 11:25 am

    All of them. Each and every one. Totally. Good point. Also.

  9. william says:
    November 19, 2009 at 6:09 pm

    “I’m sure you’ve seen the pie charts which compare social spending to military spending as a percentage of total federal spending.”

    I sure have. Defense spending is about 4% of GDP while social spending is about 16% or 4X as much. 4% is pretty small considering it is called for in the Constitution while Medicare, Social Security, and Welfare are not.

    “Despite your assertion (w/o link) about a 5-10 multiplier for social programs, how much do you think DoD wastes with underestimates on their contracts? How many of those programs are duplicitous? How many are pork barrel projects made to improve reelection campaigns?”

    My assertion link is here:

    http://reason.com/archives/1993/01/01/the-medicare-monster

    As for defense spending pork…maybe you should ask Jack Murtha about that.

    “When you think of the scale of waste, you don’t really have much of an argument to stand on.”

    Medicare waste/fraud/abuse is $60 billion a year. You’ll have to cite where defense fraud is more than that.

  10. Zython says:
    November 19, 2009 at 10:38 pm

    LIARS!

    This is like Stalin calling FDR a war criminal.

    Shorter ultra-cons: “But…we need that money to kill brown people!”

  11. Duros62 says:
    November 19, 2009 at 10:59 pm

    Any possibility of the Stupak Amendment being quietly shredded in the final bill?

    I’d almost guarantee it.

  12. Duros62 says:
    November 19, 2009 at 11:02 pm

    Medicare waste/fraud/abuse is $60 billion a year.

    All the more reason to not do anything at all, right, Billy?

  13. william says:
    November 20, 2009 at 11:10 am

    Fix what’s broken first Duros.

    Are you that dumb to think that we should be buying a new Ferrari when the windows on our house are broken, the roof is leaking, and the foundation is cracking?