McCain pointed to a nonpartisan cost estimate of $1 trillion over ten years for the major portion of healthcare reform suggested in a bill floated by Sen. Edward Kennedy's Health Committee and said the cost was too high for American taxpayers, especially since the nonpartisan review foresaw 23 million would lose their current insurance plans under the proposal.
"How we going to pay for that, Mr. President.," asked McCain on the senate floor. "How are we going to pay for that?"
The cost estimate for the Kennedy committee bill was prepared by the nonpartisan Congressional Budget Office (CBO), which is also preparing a separate cost estimate for a different healthcare reform proposal being prepared by the Senate Finance Committee.
"The CBO letter should be a wakeup call for all of us to scrap the current bill and start over," said McCain. "Start over in a true bipartisan fashion," said McCain, although his idea for healthcare reform would not find much support among Democrats.
McCain also addressed Jake Tapper's report that stiff cost estimate – which McCain thinks is low-ball – has the White House distancing itself from Kennedy's health committee plan.
"Well where is the administration's bill?" asked a frustrated McCain. "We're supposed to be enacting legislation before the end of July. Where is the administration's bill?" - ABC News Story
Little is being made in the media over the CBO projection on this Health Care Bill. Why not?
They have said that it will cost over $1 Trillion to get it up and running. Where is all of that money going to come from? Don't believe the BS we are hearing from Obama when he says he found it in savings elsewhere. That is FUZZY MATH.
They also said that some 23 million currently insured would lose their coverage due to this bill. OOOPS! The law of unintended consequences.
Why isn't all of this front page news? Obama isn't telling you. Why not?
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