Health Insurance Overhaul Law Costs More

The new health insurance law will add at least $115 billion more to government health care spending over the next 10 years, according to the CBO. If all additional spending called for in the legislation is approved, it would push the cost of the overhaul above $1 trillion. The added spending includes administrative costs to federal agencies carrying out the law, community health centers, and Indian health care.

“If Congress were to approve all of this new discretionary funding authorized in the health care bill, almost all of the administration’s highly touted savings would be made null and void,” said Jennifer Hing.

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