Senate Budget Staff: House Dems’ Fully Implemented Health Bill to Cost $3 Trillion

The following was originally posted at www.fiscalaccountability.org

This weekend, after casting previous no-tax-increase promises on the part of the President and transparency promises by Speaker Pelosi aside, the House of Representatives narrowly passed the Democrats’ monstrosity of a health bill at a vote of 220 to 215.   One in seven Democrats and all but one Republican opposed the bill. 

Meanwhile, the Republican Senate Budget Committee staff has updated the cost estimate for the "fully implemented" House Democrat bill, and puts the cost at a staggering $3 trillion. From the press release they sent out:

Over the first 10 years, this legislation builds in gross new spending of $1.7 trillion – and most of the new spending doesn’t even start until 2014.  Once that spending is fully phased in, the House Democratic bill rings up at more than $3 trillion over ten years. 

Here’s the breakdown.