If You Ignore the Huge Price Tag, ObamaCare 'Saves Billions'

November 14, 2013 - 2:27 PM

"President Obama’s health care plan gets a green light from the Congressional Budget Office, as a key bill not only pays for itself, but actually saves billions....This morning Democratic leaders are cheering a report that shows that the Senate Finance Committee’s health care bill actually saves money."
— CBS’s Maggie Rodriguez on The Early Show, October 8, 2009. In fact, the initial 10-year projected cost of the health care package was estimated at $829 billion, much of it paid for with new taxes and penalties. A later CBO report doubled the cost.