-By Warner Todd Huston
The CBO is estimating that the total cost of Baucus’ Senate version of Obamacare will cost $1.7 trillion by 2023. To “pay” for this cost, the Baucus bill cuts $1 trillion from Medicare and Medicaid and raises taxes by $.7 trillion.
This is in stark contrast to Obama’s constant claims that “his” bill will not raise taxes.
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CBO: Baucus Bill Costs $1.7 Trillion By 2023″