CBO Adds Billions of Dollars for Discretionary Spending Cost Estimate
May 20, 2010 • Insurance Health Articles • Comments • • Tags: Cbo, Cbo Adds
On May 11, the Congressional Budget Office (CBO) released a report with additional information about the potential effects of the new health insurance reform law, the Patient Protection and Affordable Care Act (PPACA), on discretionary spending that the CBO initially provided on March 13, prior to the legislation being passed.
The updated analysis adds a minimum of $115 billion over 10 years – more than twice the initial estimate released before President Barack Obama signed the bill into law. This new estimate brings the cost of the new law to well over $1 trillion. <