Doing the math on health care reform costs
The Congressional Budget Office signed off on the math in the Senate Finance Committee’s health care overhaul bill, saying the legislation will reduce the deficit and save taxpayer money overall. But not so fast: The insurance industry did its own calculations and says consumers will be hit with a whopper of a pricetag. So who do consumers believe? And how do you figure out the cost of health care ten years from now? As the Senate Finance Committee prepares to vote on its bill today, we look at the science and politics of calculating the cost, with former CBO director Alice Rivlin and New York Times reporter David Herszenhorn.
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