WASHINGTON (CNN) – A health-care reform bill that includes a public insurance plan and requires employers to cover workers would cost $611 billion over 10 years, far less than previous estimates, according to a new analysis from Congress.
"The completed bill virtually eliminates the dropping of currently covered employees from employer-sponsored health plans," Sens. Edward Kennedy and Chris Dodd said in a letter to members of the Senate Health, Education, Labor and Pensions Committee, one of two panels working on the legislation.
"In addition, our bill, combined with the work being done by our colleagues in the Finance Committee, will dramatically reduce the number of uninsured — fully 97 percent of Americans will have coverage, a major achievement," they wrote.
So, this plan is effectively $61 billion dollars a year, which is just over $5 billion per month. We spent $12 billion dollars a month in Iraq in 2008, I'd say that pulling that money out of Iraq and investing it into this health care plan would save us $7 billion a month. Not bad.