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| AP again botched net cost of health care plan |
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| Contributed by Media Matters | |
| Thursday, 03 September 2009 | |
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The Associated Press again falsely reported that "[n]onpartisan budget officials" said President Obama"s health care plan could "increase the federal deficit by about $1 trillion," when in fact the Congressional Budget Office has found that the only complete bill to be given a cost estimate "would result in a net increase in the federal budget deficit of $239 billion over the 2010-2019 period." The Los Angeles Times and Reuters also ignored CBO"s conclusion that the plan would increase the deficit by less than a quarter of the cost they reported. AP falsehood: Budget officials say Obama"s plan could "increase the federal deficit" by $1 trillionFrom a September 3 AP article:
AP previously reported similar falsehood. On August 3, the AP reported that "even the nonpartisan Congressional Budget office says" health reform bills "with the elements Obama wants would add around $1 trillion to the deficit over the next 10 years." Truth: Budget officials said House bill would increase deficit by $239 billion -- not $1 trillionAccounting for bill"s savings and revenue increases, CBO found House bill would increase the federal budget deficit by $239 billion. In its July 17 cost estimate of the House tri-committee bill as introduced, CBO explained that its "estimate reflects a projected 10-year cost of the bill"s insurance coverage provisions of $1,042 billion, partly offset by net spending changes that CBO estimates would save $219 billion over the same period, and by revenue provisions that [the Joint Committee on Taxation] estimates would increase federal revenues by about $583 billion over those 10 years." CBO thus concluded the legislation "would result in a net increase in the federal budget deficit of $239 billion over the 2010-2019 period." Contrary to the AP"s suggestion, CBO has not released a cost estimate of "Obama"s proposals." The House bill is the only complete health care reform bill CBO has scored. From CBO"s analysis of the House bill:
LA Times, Reuters also ignored CBO"s conclusion that the net 10-year cost of the plan would be $239 billionLA Times reported $1 trillion cost and Republican criticism on deficit without noting CBO"s estimate. From a September 3 Los Angeles Times article:
Reuters referenced "$1 trillion scheme" and concerns about deficit without noting CBO"s estimate. From a September 2 Reuters article:
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| Last Updated ( Monday, 07 September 2009 ) |
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