Saturday, December 12, 2009

New Cost Estimate on Senate Health Reform Bill



















New Cost Estimate on Senate Health Reform Bill

Over time, the cumulative effect of these changes will grow, so that the gap between what we'd spend on health care without reform and what we'd spend with it will shrink. In 2019, the last year of the projection, the difference--that is, the amount of extra money our society devotes to health care--is a measly $23 billion out of more than $4.5 trillion total.

That's 0.5 percent--not five percent, but zero-point-five percent. If that were the price of expanding insurance to around 40 million people, it'd be an absolute bargain.

But the actual price may be even lower, at least as time goes forward.