Friday, October 30, 2009

CBO's Analysis Of House Health Care Reform Bill, HR 3962

The Congressional Budget Office analysis on the cost of the House health reform bill, H.R. 3962, the Affordable Health Care for America Act.
The estimate includes a projected net cost of $894 billion over 10 years for the proposed expansions in insurance coverage. That net cost itself reflects a gross total of $1,055 billion in subsidies provided through the exchanges (and related spending), increased net outlays for Medicaid and the Children’s Health Insurance Program (CHIP), and tax credits for small employers; those costs are partly offset by $167 billion in collections of penalties paid by individuals and employers. On balance, other effects on revenues and outlays associated with the coverage provisions add $6 billion to their total cost.

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