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Obama health plan to cost $75 billion

News Type: Event — Seeded on Wed Nov 12, 2008 1:39 PM EST
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President-elect Barack Obama's plans to overhaul the U.S. health care system would cost the federal government $75 billion but would provide health insurance for 95 percent of Americans, consulting firm PriceWaterhouseCoopers said on Wednesday.

This works out to about $2,500 per newly insured person, the firm said in a report.

"The plan would increase to $1 trillion cumulatively by 2018 or approximately $130 billion per year," the report said.

While the plan would extend health insurance to two-thirds of the 47 million people who currently lack it, the overhaul may worsen some problems, such as a shortage of primary care doctors, the analysis found.

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