GOP Senators Worry About Cost Of Health Care Bill
By Marianna Levyash – Talk Radio News Service
Senators Lamar Alexander (R-Tenn.) and Judd Gregg (R-N.H.) displayed concern over the high cost of the Senate health care bill during a press conference Thursday.
According to statistics Gregg obtained from the Senate Budget Committee, the bill increases federal spending by $1.2 trillion between now and 2019, and if fully implemented, it would cost over $2.5 trillion over the next ten years.
“This representation that it’s an $850 million dollar bill is simply wrong,” said Gregg.
Republicans opposed to the legislation say taxes will go up by nearly $500 billion, Medicare will be cut by $465 billion and that 24 million people will still be left uninsured.
“Revenues shouldn’t go to create a new entitlement, they should go to reduce the out-year already contingent unfunded liability that we have in Medicare,” stated Gregg.
The Senate is expected to vote on the bill this coming Saturday.
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