Gov. Arnold Schwarzenegger may have underestimated the cost of his health care overhaul by $150 million to more than $3 billion, the Legislature’s nonpartisan budget adviser said Thursday, the Sacramento Bee reports.
The governor estimates that his plan to bring down insurance costs and extend coverage to the 6.5 million people without health care will cost $12 billion annually.
But the actual costs may be higher, the Legislative Analyst’s Office told the Senate Health Committee during the first hearing on the proposal.
