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Cost of Democrats’ Health Overhaul Keeps Growing and Growing and Growing…

CBO Issues New Analysis Predicting at Least $115 Billion in Additional Spending
May 11, 2010 — The Prescription Pad   

Today, the nonpartisan Congressional Budget Office (CBO) released its latest analysis of the Democrats’ health overhaul, focusing on spending they had not previously quantified.  The higher spending reflects increased administrative costs to the federal government for implementing and monitoring the new health law as well as a variety of new government grant programs. 

All told, CBO predicts federal spending will increase by an additional $115 billion over their original cost estimate of the Democrats’ health law.  We can expect the true cost to grow even higher, since CBO noted this new estimate does not include 38 sections of grant programs, which cover 406 pages of legislation.  While the Democrat authors of the law did not specify a funding level for these particular programs, they are certain to further increase spending