CBO Sees No Net Federal Cost Savings in Dem Health Plans

This is just a preliminary report coming from an anti-Obama, slipshod office.

Obama and the dems lying again? I shocked I tell you shocked. Is everyone enjoying one of the 3.5 million new jobs Obama promised?

From what I understand, the consequences of passing the bill will be the loss of 4.7 million jobs due to fines and taxes on small businesses. Also, you CANNOT keep the insurance you already have. There is a direct stipulation in this bill that prohibits it. Read the bill.

THis health care legislation, if passed, will be a bigger failure than the so-called stimulus. And the so-called stimulus was a massive failure.

"Elmendorf: Bending the cost curve is difficult. As we said in our letter to you, there is a widespread consensus, and you quoted some of this, that a significant share of health spending is not contributing to health. But rooting out that spending without taking away spending that is beneficial to health is not straightforward. "
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One of the MAJOR points that any gov't plan MUST address, but so far no one wants to face it! How can you "control" costs when you do not understand what the exact components of that rising cost are?

DETAILS, DETAILS, DETAILS.....

Obama has set an artificial deadline that means NOTHING! Passing some big blob that he calls heathcare, but has no REAL plan that you can use, is MEANINGLESS!

Pass legislation that includes the levels of coverage, premiums, co-pays, deductibles, maximum payouts... etc.

If we do NOT have that, Then BY DEFINITION We have no healthcare plan. It means you can't compare it to your current plan or any other plan that is available to you.

Matt,

The CBO is not an anti-Obama group...it is the gold standard that all Presidents are held to..in fact some feel it leans Democratic...they have no real dog in this fight...there job is to take the bills and analyze them to report on their budget impact. Period. How can yo save money by adding people to the healthcare roster? More services, les money...it ain't rocket science.

Start doing your homework...a healthcare boondoggle is headed your way because it is being rammed thru without cogent thought(if that is even possible by politicians)...they also lack the insights in the workings of the healthcare system...the head of the CBO has it right when he says finding savings in the spending is diffilcult because it is a complex process.

When it lands in your lap, you might not like what you wished for...

Well put MN - would that the Matt's of this world would have the strength of character to reason rationally...

BUN has hit on an important point. Obama keeps claiming that, if you're happy with your current plan, you can keep it. However, it explicitly states on page 16 of this 1,000 page abortion that it is expressly ILLEGAL to seek private insurance coverage. Either Obama was lying or he has no idea what is in the bill. Maybe both. Why isn't the MSM making this known?

Maybe I'm just a little simple minded, but. Think about this.

There are what, 325 million of us American Citizens. What it we just set up an account for health care totaling say 1 million dollars per person. This would cover the cost of care.

Those of us who are lucky enough to have insurance, have a lifetime cap of 1 million dollars to start.

Realistically, only about 2% of us ever even come close to that amount in Health Care needs.

So I guess my question is.

Where do these figures of Trillions
of Dollars come from?

Duh! We all knew this, apparently the only group of people who did not know that health care cost will rise, not fall, under Obamacare is the White House Press Corp. Every wire and press report starts "President Obama's plan to curtail the rising cost of health insurance..".

The press has given an assumption of fact to a lie, and use outright propaganda instead of facts. They leave out the fact that the government run medicaid has had cost rise faster than private insurance. They will not give a cost of hiring hundreds of thousands of lifet-time employment union members as government workers -- hardly the efficient group of people.

Finally, if Obama is so into wellness, what happens to health care costs when everyone lives to 100 years of age? Costs do not go down, they skyrocket.

The press is clueless. Unless the White House press corp promises to go onto Medicaid, they should stop endorsing this plan without an ounce of skepticism.

No cost savings AND it still leaves many uninsured and forces even those who don't want health insurance to buy it anyway? Just a thought, but seems this isn't the best way to improve health care.

Why not just allocate billions more to expand free clinics and medicaid, grants and fed money to doctors and hospitals who treat the indigent and to expand access to free vaccination programs.

Fining people for not buying medical insurance is the wrong way to go -- for many people (young, healthy) it's cheaper to NOT buy insurance and simply pay for medical care as you go. An interest-bearing medical savings account can help people save for bigger-ticket medical care, like the birth of a child or wisdom teeth extraction, etc.

Wow! Talk about misinterpreting the quote from the CBO.... Man, ABC and the right wing press is really playing fast and loose with the truth!

Obama's plan does not deal with costs because Obama is not interested in reforming health care.

He is interested in providing free health insurance to the poor. Period.

All this talk of reform is just that. He tried to use cost as the basis for doing what he wanted. It didn't work. It never made sense.

The CBO figures are irrevelant. Obama has a plan, and he truly doesn't care about costs.

He does, however, care about votes, but not until the next presidential election. Democrats facing elections sooner will have to deal with him. Thank goodness for that.

The politicians better not screw up this issue. We will not forget it and will vote next time based on sucess or failure of this bill! Parties will not suffice bad decesions.

@ Robert. Where, on page 16, does it expressly say it is "ILLEGAL to seek private insurance coverage"? Thanks.

Robert,
325 million people mutiplied by 1 million dollars is 325 trillion dollars.

@ Mike. What is being misinterpreted? And please interpret it correctly for me. Thanks.

As soon as BO and all of the jokers that are trying to ram this political piece of trash thru, step up and say that they will switch from there special Healthcare benefits they currently enjoy, to their newly designed plan, well, then I might take another look.

Can you say Hypocrisy! Just another dump on the public, just another shell game and the heck with what it will do to damage the economy, damm the torpedo's, full steam ahead.

It's a shame that such stupid people work in the federal government or are black politician. Some examples of this: 1. I was talking to a black lady the other day and obama was on tv talking about global warming. She said, "that nobody cares about global warming". she conveyed that global warming causes suanomies. That is plain ignorance.
2. Rational Healthcare. The only reason barac and his communist cronies want us to use government healthcare is so he can control us and also so he can put the same stupid regulators that were in charge of the sub prime mortgage meltdown in charge of Rational healthcare.
Democrats need to get a grip and fast. They will do anything to maintain control at the expense of all american's.

@ME. On Page 16 of the house bill (taken from IBD)the "Limitation On New Enrollment" section of the bill clearly states:

"Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day" of the year the legislation becomes law.

So we can all keep our coverage, just as promised — with, of course, exceptions: Those who currently have private individual coverage won't be able to change it. Nor will those who leave a company to work for themselves be free to buy individual plans from private carriers.