POTENTIAL FOR ANOTHER $115 BILLION IN COSTS

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Politico

Congressional Budget Office estimates released Tuesday predict the health care overhaul will likely cost about $115 billion more in discretionary spending over ten years than the original cost projections. The additional spending — if approved over the years by Congress — would bring the total estimated cost of the overhaul to over $1 trillion. Republicans pounced on the news, which they called another sign that the Obama administration makes promises it cannot deliver. ‘The American people wanted one thing above all from health care reform: lower costs, which Washington Democrats promised, but they did not deliver,’ said House Minority Leader John A Boehner (R-Ohio). But a Democratic leadership aide on Capitol Hill said the Congress will have to stay within the budget. ‘Just like other authorized programs, the discretionary programs in health reform will need to compete for funds within set budgetary limits,’ the aide said. The Congressional Budget Office expects the federal agencies to spend $10 billion to $20 billion over 10 years on administrative costs to implement the overhaul. The CBO expects Congress to spend an additional $105 billion over 10 years to fund discretionary programs in the overhaul. The CBO released the estimates in response to a request from California Rep. Jerry Lewis, ranking Republican on the House Appropriations Committee. POLITICO storyCBO letter

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