rssCBO Says Finance Health Reform Bill Will Save $81 Billion Over a Decade
Wednesday, October 07, 2009 at 4:42 pm
- 38 Comments
The Senate Finance Committee’s health reform bill will save the federal government $81 billion over the next 10 years, according to the much-anticipated Congressional Budget Office estimate released this afternoon. CBO found that subsidizing the coverage expansion will cost $518 billion** over a decade, partly offset by taxing high-cost insurance plans ($201 billion), trimming Medicare rates “for most services” ($162 billion), and cutting subsidies to the private insurance companies that cover Medicare patients ($117 billion).
Finance Chairman Max Baucus (D-Mont.) had delayed the panel’s vote on the sweeping health reform bill until the CBO score was issued. No word yet on when that vote will take place.
**Overall, the bill spends $829 billion over the same span on insurance subsidies and tax credits.
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38 Comments
Pingback posted October 7, 2009 @ 4:52 pm
[...] Posted by Carol Gee on October 7, 2009 The Senate Finance Committee’s health reform bill will save the federal government $81 billion over the next 10 years, according to the much-anticipated Congressional Budget Office estimate released this afternoon. CBO found that subsidizing the coverage expansion will cost $518 billion over a decade, partly offset by taxing high-cost insurance plans ($201 billion), trimming Medicare rates “for most services” ($162 billion), and cutting subsidies to the private insurance companies that cover Medicare patients ($117 billion). via washingtonindependent.com [...]
Pingback posted October 7, 2009 @ 4:59 pm
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[...] just-released statement from Senate Finance Committee Chairman Max Baucus (D-Mont.) following a report from the Congressional Budget Office that the panel’s $829 billion health bill will reduce federal deficits by $81 billion. Our [...]
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Comment posted October 7, 2009 @ 11:50 pm
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Pingback posted October 8, 2009 @ 1:46 am
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Comment posted October 8, 2009 @ 1:09 am
The group still has not announced a final deal, but this type of cost analysis is sure to move the debate forward.
Pingback posted October 8, 2009 @ 8:09 am
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Comment posted October 8, 2009 @ 3:36 pm
I thought the Feds promised this bill will not cut cost, nor would it infringe upon the citizenry's ability to buy insurance? As you describe, the bill will do both.
Pingback posted October 8, 2009 @ 5:00 pm
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Pingback posted November 8, 2009 @ 10:18 pm
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