- The Foundry: Conservative Policy News from The Heritage Foundation - http://blog.heritage.org -

Video: Baucus Admits Obamacare Costs $2.5 Trillion

Posted By Conn Carroll On December 3, 2009 @ 12:10 pm In Obamacare | Comments Disabled

When President Barack Obama made his most recent big health care speech in September [1], he promised the American people his plan would cost only $900 billion. It took almost three months, but Majority Leader Harry Reid (D-NV) finally produced a bill that CBO was willing to score at $848 billion [2]. Problem is, the bill is filled with so many gimmicks [3] that nobody believes [4] that $848 billion score is the true cost of the bill. And yesterday on the Senate floor, Sen. Max Baucus (D-MT) actually admitted it. Watch:

And pay particular attention to what Baucus says at the beginning of the clip about excluding the cost of the doc fix [5]. Add that $300 billion [6] to the bill and the true cost of Obamacare rises to almost $3 trillion.

Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2009/12/03/video-baucus-admits-obamacare-costs-25-trillion/

URLs in this post:

[1] most recent big health care speech in September: http://www.nytimes.com/2009/09/10/us/politics/10obama.text.html?pagewanted=all

[2] $848 billion: http://www.washingtonpost.com/wp-dyn/content/article/2009/11/18/AR2009111802014.html

[3] so many gimmicks: http://www.foundry.org/2009/11/20/the-senate-health-bill-the-true-costs-are-unknown/

[4] nobody believes: http://www.foundry.org/2009/11/20/morning-bell-a-health-bill-nobody-believes-in/

[5] doc fix: http://www.foundry.org/2009/11/18/morning-bell-doc-fix-digs-debt-deeper/

[6] $300 billion: http://www.foundry.org/2009/11/16/washington-post-on-obamacare-a-300-billion-deception/

Copyright © 2011 The Heritage Foundation. All rights reserved.