House Health Reform Costs Keep Climbing Now $1.2 Trillion

Remember,last Thursday House Speaker Nancy Pelosi touted the Health Care Reform bill would cost just shy of $90o billion.   The  following day the Congressional Budget Office officially scored the bill at $1.055 trillion.

But now there word that the bill is actually $1.2 trillion according to AP. Sources tell the AP that $200 billion were added, for local and state public health departments; a reinsurance program for seniors to keep premiums from going out of control;  and payment of preventive care.

The add ons to make better access to government programs, and to increase benefits.

The source told the AP of the changes under anonymity and not authorized to  speak.

When asked about the increase health reform bill true cost to $1. 2 trillion. A spokesperson to House Representative Speaker Nancy Pelosi Brendan Daly said the bill provides health insurance to 36 million people currently uninsured but improves health care in the country.

“It will not add one dime to the deficit. In fact, the CBO said last week that it will reduce the deficit both in the first 10 years and in the second 10 years,” Daly said.

Democrats in Congress have been racing against the clock to create health care for all Americans, restrict abuses by doctors and insurance industry and slow the rate of growth of insurance premiums  a goal of President Obama.

“Now, add it all up, and the plan I’m proposing will cost around $900 billion over 10 years,” the president said in a nationally televised speech in early September.

Republicans said  the bill is more likely cost over $1.3 trillion over the next ten years.

“Our goal is to make it as difficult as possible for” Democrats to pass it, House Republican leader John Boehner, R-Ohio, said at a news conference. “We believe it is the wrong prescription.”

Republican prescriptions including would create high risk insurance pools where people based on their condition can receive health care. Where the Democrats would eliminating bans on pre-existing conditions.

Representative Mike Pence(R-Oh) one of the ranking Republicans in House said the Democrats are creating universal health care where the GOP “believe the real issue back home is cost” and their alternative is much better.

AP via Yahoo News

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