05 November 2009
The Other Bill
The Congressional Budget Office has issued an analysis of an alternative health care bill proposed by House Republicans. The bill will cost $61 billion over 10 years (as opposed to the $1.055 trillion House Democrats bill) and reduce budget deficits by $68 billion, according to the CBO. The bill would also lower average health insurance premiums by 5 percent to 8 percent for individuals, 7 to 10 percent for small groups, and zero to 3 percent for large groups. At the same time, the CBO estimates that it would have a marginal impact on insurance coverage by only reducing the number of uninsured by 3 million. (pretty good to clean out 3 million from about 12 million.) that's a fourth of the uninsured who can gain health care through other methods in the bill.
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