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  • Democrats challenged on cost of health bill

    10/31/2009 7:06:25 AM PDT · by La Lydia · 13 replies · 758+ views
    Washington Post ^ | October 31, 2009 | Lori Montgomery
    Republicans on Capitol Hill are challenging an assertion by House leaders that their new health-care package comes in under President Obama's spending limit of $900 billion over the next decade. The true cost of the measure, the GOP argues, is more than $1 trillion. A House leadership aide dismissed the charge as "GOP spin." But, in this case, the spin is essentially true. According to a preliminary estimate by the nonpartisan Congressional Budget Office, expanding coverage to an additional 36 million Americans would cost $1.055 trillion over the next decade under the House plan, counting tax breaks for small businesses,...