Friday, June 19, 2009

Price Tag of Health Reform Bill Prompts Sparring and a Delay in Congress -

In a speech to the American Medical Association on Monday, Obama bragged that he had spelled out $950 billion worth of budget cuts and tax increases over the next 10 years -- an amount, he said, that takes "us almost all the way to covering the full cost of health-care reform."

But the independent CBO estimated that a draft bill by the Senate Finance Committee would cost $1.6 trillion, a figure that Sen. Olympia J. Snowe (R-Maine) described as "a jolt of reality."

That reality can be nasty stuff.

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