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.
GOP Senators Worry About Cost Of Health Care Bill
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.