CBO score says healthcare will cost $940 billion. What will it cost you?(Read article summary)
The Democrats' healthcare reform will cost $940 billion, according to the new CBO score. But most Americans wouldn't see much change in premiums.
The numbers are in: The healthcare bill would cost $940 billion over 10 years, but it would raise enough revenues and save other funds that the federal deficit would be $132 billion less than it would under the status quo.
Those are the latest estimates (.pdf) by the Congressional Budget Office (CBO), based on the Senate version of the bill with a package of fixes. It's sure to set off more political wrangling over whether the bill actually saves money or adds costs.
But what would healthcare reform cost you as a consumer? Surprisingly, if you're like most Americans, the answer is nothing.
For most Americans, reform's a wash
Either way, healthcare costs will keep going up. So will the cost of insurance.
Whether reform happens or not, roughly 70 percent of working Americans will continue to be covered through their large employer (more than 50 workers). By 2016, their insurance premiums on average would stay the same or actually fall up to 3 percent under the Democrats' plan, the CBO estimates.