After an embarrassing miscue, the Senate Health, Education, Labor, and Pensions Committee can now say near-universal should be achievable at a relatively low cost. Last month, HELP Democrats asked the Congressional Budget Office to score an incomplete version of its health care reform bill--one that had been voided of its most controversial provisions. The results were embarrassing. They suggested that the bill--which lacked an employer mandate and a public option--would leave many uninsured, at a nonetheless tremendous cost.
Now, the committee has received a new CBO score--this one of the complete bill--and the results are much, much better. At a glance, they imply that the HELP bill will cover most Americans at a cost of just over $600 billion, but as TNR's Jon Cohn explains, the results are actually a bit more complicated than that. His conclusion? As experts expected, a comprehensive reform package will likely cost about a trillion dollars over 10 years. That may sound like an unholy amount of money, but as a percentage of the next 10 years worth of overall health care spending, it's a drop in the bucket.