Health Care

Sen. Max Baucus Admits Obamacare Costs $2.5 Trillion

| by Heritage Foundation

When President Barack Obama made his most recent big health care speech in September, he promised the American people his plan would cost only $900 billion. It took almost three months, but Majority Leader Harry Reid (D-NV) finally produced a bill that CBO was willing to score at $848 billion. Problem is, the bill is filled with so many gimmicks that nobody believes that $848 billion score is the true cost of the bill. And yesterday on the Senate floor, Sen. Max Baucus (D-MT) actually admitted it.

Watch:

And pay particular attention to what Baucus says at the beginning of the clip about excluding the cost of the doc fix. Add that $300 billion to the bill and the true cost of Obamacare rises to almost $3 trillion.