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President Obama's Health Care Bill Passed Cost Analysis
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by Gordon Clark | October 8, 2009 at 09:56 am
232 views | 4 Recommendations | 5 comments
President Obama's health care bill proposal has passed a crucial test: the cost analysis. One of the main original criticisms was that it was not economically efficient. Now that it will stay under the $900 billion budget it is seen as a success. Republican skeptics now criticize that a different "real" bill that the Democrats would likely push to pass would have different results.
Maybe the bill can take even longer and change even more before it does or does not pass. I guess we know what my criticism is.
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.
Within minutes of receiving the report, Mr. Baucus, the chief author of the bill, was on the Senate floor, boasting that it would cover millions, reduce the deficit and revamp the health care system for the 21st century. “The report is good news,” he said. “Our balanced approach in the Finance Committee to health reform, I think, has paid off.”
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Rhonda Welsch (not verified)
Most RecentMost Recommended Comments (5)
at 11:36 on October 8th, 2009
Could I have a second opinion on this, a second analysis?
Sounds as if the report was in response to that meeting with Obama and the director of the research several weeks ago.
Since the bill has yet to be written, and the particulars are the very devil in the details, what assumptions did they use and why did they use them?
Massachusetts' plan is broke and the lines keep getting longer and longer. It is ObamaCare for one state, one wealthy and educated and prosperous state and it doesn't work.
at 11:44 on October 8th, 2009
Roy...I live in Massachusetts...what scares me is the Obama Admin wanting to use MA. health-care plan as a model...wealthy state?...hardly...educated?...look who is rubbing elbows with Obama...prosperous?...heck we can't even agree on the "left turn on red" without stuffing some politicians pocket with blood money...
at 11:51 on October 8th, 2009
Hello. This morning the world from the "right-wing" was that an ex-Obama health care speech writer and citizen of Massachusetts was going around saying that it doesn't work.
What works is to tie people's behavior and health risk management to what they pay, giving an incentive to people to lose weight and behave more responsibly.
You save your heart and you save your knee joints and hips from future surgeries as well.
That is not what the left wants. They want nanny-state security, a millstone around the neck of the "patriarchs" and "capitalists" who don't want to "share".
at 12:11 on October 8th, 2009
Republican skeptics will more than likely never agree to anything the Democrats offer... don't you love this country??
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Rhonda Welsch (not verified)at 12:19 on October 8th, 2009
The big issue everyone should have is the fact that this is a plan the American people have said "NO" to. Obama does not speak for America nor do the progressive "Socialists" who are masquerading as good Americans. Our governement is over run with elitists who have surely become the wolves Jefferson warned about back in 1779." 900 Billion dollars" for anything right now is impossible to envision as we are still sinking into a very dangerous financial quagmire. Our sovereignity has been greatly compromised by the current administration and the slippery slope we have our house built upon is unstable and extremely dangerous to our National Security! Read I.O.U.S.A. by Wigin and Incontrera! The most ominous enemy is the deception being devised by these so called leaders and their blatant disregard for our fundamental human rights and the Law of the Land: the U.S. Constitution. Goto www.givemeliberty.org and learn about the Continental Congress We the People do not have to accept these acts of Tyranny by our own representatives- Oust them all in 2010.