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CBO scores the House bill

According to the budget wonks, the House's health-care reform bill costs a bit less than $900 billion, cuts the deficit by more than $100 billion, and covers 96 percent of legal residents by 2019. Not too shabby. Full analysis here (pdf).

By Ezra Klein  |  October 29, 2009; 5:45 PM ET
 
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Comments

So who are the poor bastards representing the 4% being left behind? Seems like they might be worth at least a mention.

Posted by: wmrboh | October 29, 2009 7:00 PM | Report abuse

House Bill still does not seem to be good:

1. Originally they included Medicare cost adjustments to doctors ($250Billion) which is thrown out now because doing it takes the final tab over $1 Trillion. So now House sits same as like Senate - to toss out pending commitments.

2. Next, with House pressurizing tax on rich; the eventual deficit from years 11th onward will be ignored in the end due to rate diffrential and whatever 'excise tax on insurance companies' is in Senate bill; that will go away too. With general tax on rich, an avenue to plug in general deficit is also lost. Such fears are real and with no more need of (or possibility of) securing Sen. Snowe vote; there is every incentive for Democrats in Congress to go amok.

With insurance industry already vilified and defeated, with Public Option in (with lot of questionable CBO assessments ignoring the implicit 'expectations' from public about Fed bailout as and if Public Insurance goes kaput) and no more need to court any GOP votes; worst fears of fiscal irresponsibility are getting realized.

Even with Sen. Baucus - he is done his duty of getting Senate Finance Bill with at least one Republican vote. So it is doubtful he will be any more sticking to his fiscal discipline going forward. With some of the other moderates like Evan Bayh, their corruption getting finally out in public (report in The Street.com by Eric Jackson; insidious links of Bayh's wife to Wellpoint Insurance); even they will not stand in the train wreck of fiscal irresponsibility. 'Naysayers' like Fred Hiatt, they are slammed by Peter Orsazg; we have nowhere to go when it comes to fiscal sanity about these proposed Health Care Reforms.

It is disorienting and simply reminds days when Condi sold 'mushroom cloud' to this country while selling Bush's Iraq war - rulers basically stream rolling policy based on their ideology with insufficient considerations of what is good to this country.

It seems the political battle of 'to be prudent' in case of Health Care Reforms is lost. PO supporters may claim about CBO certified less cost, but we cannot ignore what happened to Fannie Mae and Fredie Mac - anything started by Government, public assumes the implicit guarantee of the Fed and then tax payers have to take the tab; even if to start with it is structured as 'self sufficient or sustainable' enterprise. There is simply no credible evidence that it can be any different for PO.

Posted by: umesh409 | October 29, 2009 8:07 PM | Report abuse

If this bill gets anywhere close to 96% coverage I'll eat the whole 1090 pages. There is no definition of affordability. CBO assumes if you're offered insurance, you're insured. CBO admits that premium subsidies won't keep pace with health care inflation. Ergo, millions of people are going to need affordability waivers.

CBO also found, in contrast to Obama's giddy proclamation today, that the bill will likely add to the deficit long-term.

And--in what will come as a shock to the majority of Americans who think they're getting a public option--CBO reports that premiums will be "somewhat higher" than the already sky-high rates offered by private insurers on the exchange. If this is true it's hard to see how the public option survives.

Posted by: bmull | October 29, 2009 9:31 PM | Report abuse

It's actually quite shabby. Over at Huffpo, Jane Hamsher, founder of firedoglake, describes one, and just one of the results of the filthy backroom deals the administration made with special interests like big Pharma, so that they would not campaign publicly against the current plans. Herceptin, a life saving and body sparing breast cancer miracle drug, which costs 142 k a year, will not be available to any but the rich. Because severe limitations on the development of generic analogs have become part of the house bill, as described by Hamsher. Go there and read what she has to say.

Posted by: truck1 | October 29, 2009 9:37 PM | Report abuse

Maybe Price Waterhouse Cooper should double check those CBO figures followed by Baker Tilly International.

Posted by: annlawler26 | October 30, 2009 2:06 AM | Report abuse

on this bill if nazi pelosi's lips are moving then you can be assured the liberals are once again lying to their sheeple masses.

Posted by: tswank1 | October 30, 2009 12:14 PM | Report abuse

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