CBO scores the GOP health plan.


Here’s the main takeaways from the CBO analysis:

  • The total cost to the taxpayer would be 61 billion (as Hot Air notes, this is opposed to the 1.2 trillion of taxpayer money that the Democrats want to spend).
  • The plan will essentially keep the total percentage of insured individuals at around the current percentage of 83% (The Democrat’s main selling point on their version is that it will insure 96% of the population – including illegal immigrants).
  • Premium rates would decrease across the board.
  • The plan assumes tort reform, no government-option health care, and the ability to buy insurance across state lines.

In other words, there is no way whatsoever that the Democratic party in Congress is going to support this plan: it clashes horribly with the current ruling party’s shrill insistence that we are in a dire crisis with regard to health care, which just happens to require a solution that will eventually result in no private insurance and a state-run health care system.  It also directly affects the economic well-being of trial lawyers, which will hurt that group’s ability to make political contributions, which will hurt the Democratic party.  So, expect to see much made of the fact that the GOP plan will not expand coverage, and a good deal of pounding the table and shouting about deficit reductions.  Expect to not see much made of the fact that this plan will mostly leave people – and their bank accounts – alone about their health care decisions…

Moe Lane

PS: Twelve hour online GOP health care forum starts at 1 PM.

PPS: You should be up to page 1,062 on the Democrats’ health care rationing bill by now.

Crossposted to Moe Lane.


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Moe, one feature of the current "system" is

Flagstaff (Diary) Thursday, November 5th at 1:04PM EST (link)

that catastrophic care insurance, perhaps called major medical insurance, is prohibited by law in some states. It isn’t available to the public because of that.

Does the GOP plan do anything to remove those restrictions, maybe even through its “any state” provisions? That would probably increase coverage in a meaningful, market-oriented way. If there is a demand, and I think there would be, the market would fill it without government intervention.

“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964

 

What about Medicare Fraud Saves

Greg (Diary) Thursday, November 5th at 1:10PM EST (link)

Bill should save 439 billion = 500 billion – 61 billion in savings according to bambi…

 

Not even Elmendorf himself

mikerazar (Diary) Thursday, November 5th at 8:34PM EST (link)

believes these estimates. Read all the caveats and disclaimers in the CBO analysis. Do nor read what assumptions they made because they DON’T TELL YOU!

These ten year projections are worse than useless. The facts are suspect, the asumptions are questionable, the projections are not statistically sound. No margins for error are gven.

As long as the CBO is given credibility, we will be debating in fantasyland. Does anyone care to project the economy in 2017? How about prostate cancer cases? They don’t know. They can’t know.

We have a nation to save, people.