Keep your coverage, and pay less for it!
The Congressional Budget Office hearts the Republican health care plan!
CBO: Republican health plan would reduce premiums, cut deficit
The Congressional Budget Office Wednesday night released its cost analysis of the Republican health care plan and found that it would reduce health care premiums and cut the deficit by $68 billion over ten years.
The Republican plan does not call for a government insurance plan but rather attempts to reform the system by creating high-risk insurance pools, allowing people to purchase health insurance policies across state lines and instituting medical malpractice reforms.
UPDATE – am I going to have to read this damned thing myself? Ezra Klein:
According to CBO, the GOP’s alternative will shave $68 billion off the deficit in the next 10 years. The Democrats, CBO says, will slice $104 billion off the deficit.
The Democratic bill, in other words, covers 12 times as many people and saves $36 billion more than the Republican plan.
The CBO put the price tag for the GOP plan at $61 billion, a fraction of the $1.05 trillion cost estimate it gave to the House bill that lawmakers are set to vote on this weekend. And the CBO found that the Republican provision to reform medical malpractice liability would result in $41 billion in savings and increase revenues by $13 billion by reducing the cost of private health insurance plans.
How does the Democrat plan “save more” than the Republican plan when the Democrat plan costs 17 times as much as the Republican plan?
Dammit, now I’m gonna hafta go read the dang CBO thing myself to figure this out. Like I don’t have enough to do already. I should just call Klein a big dumkopf and be done with it.
Via Memeorandum.
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