Fixing the “doc fix” is going to cost the taxpayers more money than previously estimated, according to a new analysis by the Congressional Budget Office (CBO).
Democratic leaders had previously tried to pass the doc fix as part of ObamaCare. However, they decided to take it out, so they wouldn’t have to pay for it since the doc fix is exempt from PAYGO requirements.
CBO estimates a five-year fix will cost $88.5 billion and a ten-year fix will cost $275.8 billion. The cost of the full ten-year fix is a 33 percent increase from a previous ten-year estimate.
Recently Congress passed a temporary freeze in Medicare reimbursement rates for doctors, but that expires on June 1, 2010. Democrats are reportedly pursuing a five-year fix, which CBO estimates will cost taxpayers $88.5 billion, and they are not planning on offsetting this funding.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare