"Health care tab to be paid by taxpayers, businesses, seniors"
By: Susan Ferrechio Chief Congressional CorrespondentOctober 9, 2009
"A Senate plan to expand health insurance coverage to an additional 29 million people would not come cheap, with taxpayers, businesses and the elderly poised to foot most of the bill.
The legislation by Senate Finance Committee Chairman Max Baucus, D-Mont., which is scheduled for a committee vote Tuesday, would cost $829 billion over the next 10 years. Yet in spite of that staggering price tag, it would slash the federal deficit by $81 billion, according to an analysis by the independent Congressional Budget Office.
"That's $910 billion the government would have to raise over the next decade. The bill calls for getting half of that money through various taxes and the other half by slashing expenses tied to Medicare, the program that provides health care for Americans 65 and older.
Read the rest: http://www.washingtonexaminer.com/politics/Health-care-tab-to-be-paid-by-taxpayers_-businesses_-seniors-8361542-63800742.html
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