All Commentary
Thursday, November 19, 2009

CBO Says $849 Billion Senate Health Care Bill Will Cut Deficit

“Senate Majority Leader Harry Reid on Wednesday unveiled a sweeping health care bill that would expand health insurance coverage to 30 million more Americans at an estimated cost of $849 billion over 10 years. Reid and other Senate Democrats cited an analysis by the nonpartisan Congressional Budget Office for the coverage and cost figures. The CBO estimates the proposal would reduce the federal deficit by $130 billion over the next 10 years, through 2019. Any effect on the deficit in the following decade would be ‘subject to substantial uncertainty,’ but probably would result in ‘small reductions in federal budget deficits,’ according to the CBO.” (CNN, Thursday)

And the tooth fairy collects children’s teeth.

FEE Timely Classic
“The Right to Medical Care” by Sheldon Richman

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.