New Cost Estimate for the Health Care Bill
But it’s important not to over-read the estimate. Instead, familiarize yourself with our methodology for scoring bills. We count taxes and revenues as costs to taxpayers, and we treat spending as costs because they move money from the treasury that we all own.
In this bill, the government health insurance “public option” is a big part of what drives the numbers. This is because it has both a revenue component and a spending component.
Some would argue that our methodology double counts the public option. And it is important to understand that it’s pretty much deficit neutral, meaning that it doesn’t increase the national debt because it takes in the amount of money that it spends. We are always looking for ways to present cost information in the most sensible, complete, and scalable way.
We won’t take on the question here of whether the “public option” would ultimately swallow the entire health insurance market. The dollar figure we’re reporting is simply based on the Congressional Budget Office estimate. If you want to read that estimate yourself, of course, you can go to the page for H.R. 3962, scroll down to the “Learn More” box and click on “Read an Analysis of the Bill.”
In the meantime, here’s the current vote on H.R. 3962, the Affordable Health Care for America Act. Click to vote, comment, learn more, or edit the wiki article about the bill.