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Article: Senate Finance healthcare bill: Costs may be felt on Main St.(national)
- Article from:
- The Christian Science Monitor
- Article date:
- October 9, 2009
- Author:
CopyrightCOPYRIGHT 2009 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gail Russell Chaddock Staff writer
The Senate Finance Committee's healthcare bill will result in a net surplus of $81 billion over 10 years, the Congressional Budget Office said Wednesday.
But critics are turning their attention to how much it might cost Americans outside the Beltway.
The heart of healthcare reform is a mandate for individuals - that is, most legal US residents - to obtain health insurance. To do this, the projected cost to the federal government for tax credits and subsidies to expand coverage is $518 billion over 10 years, including $416 billion to help moderate-income people buy insurance.
In principle, the ...