Posted on November 16, 2009 11:01
Categories: Legislative and Regulatory Issues
Topics: Health Care Reform | Legislation (National) | Spending
A report released by the Committee for a Responsible Federal Budget presents analyses of federal health care reform legislation using data from the Congressional Budget Offie (CBO), Office of Management and Budget (OMB), Joint Commission on Taxation, and the Library of Congress to conclude that none of the bills does enough to control health care costs.
From the report:
Even setting that $245 billion aside, though, the House still fails to achieve anything more than token deficit neutrality. Although the bill would technically balance out over ten years – excluding the updates – this would largely be due to surpluses collected before the implementation of the coverage measures. As the bill is written, surpluses would turn to deficits by 2014 (or in 2015 if we exclude the cost of physician payment updates), and these deficits would grow every year, reaching $65 billion by 2019. Even excluding the cost of updating physician payments, the bill would still increase the deficit by around $25 billion in 2019.
Full report: Evaluating Health Care Plans: An Analysis of the Short- and Long-Term Fiscal Implications of Reform Plans (PDF | 477.93 KB)
Committee for a Responsible Federal Budget. (2009). Evaluating health care plans: an analysis of the short- and long-term fiscal implications of reform plans.
E-mail to Friend |
Print |
Permalink |
Post RSS