16 Jul 2009 CBO: No Savings in Democrats’ Health Care Bills

The Congressional Budget Office said today taxpayers should expect no net savings if one of the health care plans being developed by House and Senate Democrats is adopted.

In a nutshell, CBO Director Doug Elmendorf says any savings the plans might deliver are offset by additional costs they impose.

President Obama, has, of course, been insistent that health care reform is necessary so cost savings can be achieved.