Business Analyst: CBO Report on Cost of Health Care Overhaul is ‘Nuclear Bomb’

(Fox Business) - The Congressional Budget Office's first cost estimate on an early health-care reform bill didn't exactly roll out the red carpet for President Obama's efforts in that arena. The initial estimate -- for parts of a comprehensive reform plan drafted by Senator Edward Kennedy (D-Mass.) -- would spend $1 trillion over 10 years but end up reducing the number of uninsured people in the U.S. by around than a third, providing just 16 million more people with health insurance.