Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Budget office estimates healthcare law could cost more than $1 trillion

AP/Washington Post, May 12, 2010

President Obama's new healthcare law could potentially add at least $115 billion more to government healthcare spending over the next 10 years if Congress approves all the additional spending called for in the legislation, the Congressional Budget Office said. That would push the 10-year cost of the overhaul above $1 trillion. The CBO said the added spending includes $10 billion to $20 billion in administrative costs to federal agencies carrying out the law, as well as $34 billion for community health centers and $39 billion for Native American healthcare.