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Obama vs. Obama: Cost of President’s Health Care Plan Goes Up as Taxpayer Savings Go Down |
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SIX MONTHS AGO: President Obama proposed a bill that would cost "around $900 billion" and reduce deficits by $4 trillion
"Now, add it all up, and the plan I'm proposing will cost around $900 billion over 10 years... And if we are able to slow the growth of health care costs by just one-tenth of 1 percent each year -- one-tenth of 1 percent -- it will actually reduce the deficit by $4 trillion over the long term." (President Barack Obama, Address to a Joint Session of Congress, September 9, 2009)
TODAY: President Obama introduces his latest health care plan that will cost $950 billion and reduce deficits by "about" $1.1 trillion
"Mr. Obama's plan, which the White House said would cost $950 billion over a decade, sticks largely to the version passed by the Senate in December... The administration estimates that its plan would reduce the federal deficit by $100 billion over the next 10 years - and about $1 trillion over the second decade - by cutting spending and reining in waste and fraud." (New York Times, "Obama's Plan for Health Bill Largely Follows Senate Version," February 22, 2010)