Health Care Bill Gets Green Light in Cost Analysis By ROBERT PEAR and DAVID M. HERSZENHORN
{I have copied this verbatim from today's times since it is the best news to date about Health Care Reform. Perhaps the ball will get rolling.}
WASHINGTON — The Senate Finance Committee legislation to revamp the health care system would provide coverage to 29 million uninsured Americans but would still pare future federal deficits by slowing the growth of spending on medical care, the nonpartisan Congressional Budget Office said Wednesday.
The much-anticipated cost analysis showed the bill meeting President Obama’s main requirements, including his demand that health legislation not add “one dime to the deficit.” Indeed, the budget office said, the bill would reduce deficits by a total of $81 billion in the decade starting next year.
The report clears the way for the Finance Committee chairman, Senator Max Baucus, Democrat of Montana, to push for a panel vote within the next few days, and sets the stage for Democrats to take legislation to the floor for debate by the full Senate this month.
Despite the expansion of coverage at a cost of $829 billion over 10 years, the budget office said 25 million people — about one-third of them illegal immigrants — would still be uninsured in 2019. In all, it said, the proportion of nonelderly Americans with insurance would rise over the 10 years to 94 percent, from 83 percent today.
This article is misleading in using the word 'legislation'. It is mearly a proposal at this time and will be subjected to changes before it is voted on by the committee. I would ask that you verify that CBO analysis is valid if and when it does come out of committee.
ReplyDelete5:18 You are right, this is just words at this time,the amendment was approved by the committee and I believe that it is pannec to vote and send this versio to the Senate where it has to be accepted as sent or compromised with the other Senate version previously received.
ReplyDeleteEven if this number is the CBO's estimate the final figure will be much higher since the Baucus v ersion has many holes.And what will happen after the House passes its version is known excepy I am sure the plan sent for Ob ama's signature will have little resemblance to this bill.