Cost of Proposed Health Care Bill

The Congressional Budget Office (CBO) has released an initial cost estimate for the Kennedy-Dodd Health Care Bill that is being submitted to Congress...

In a nutshell, the bill would ADD $1 Trillion to the federal deficit for 2010-2019 and would only cover an addition 16 million people. Of course, costs will go up if other provisions are added (such as expansion of Medicaid and subsidization for people with low income).

Once the proposal was fully implemented, about 39 million
individuals would obtain coverage through the new insurance exchanges.
At the same time, the number of people who had coverage through an
employer would decline by about 15 million (or roughly 10 percent), and
coverage from other sources would fall by about 8 million, so the net
decrease in the number of people uninsured would be about 16 million.