Word: cbo
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...law’s cost, however, has yet to fade, despite the nonpartisan Congressional Budget Office’s conclusion that it is fiscally responsible. In advancing their allegation that Democrats will add to the deficit, Republicans insist that the bill will cost Americans far more than the CBO report suggests. This claim is largely unfounded; in fact, the CBO regularly errs toward conservative estimates about cost savings because it fails to account for savings from intangible factors, such as better technology and systemic improvement. Considering these additional components, Harvard economist David Cutler estimates that the law may save hundreds...
...earlier version of the Mar. 26 staff editorial "How 'Bout Them Dems" stated that Harvard economist David Cutler estimates that the law may save hundreds of millions of dollars more than the CBO predicted over the next decade. In fact, Cutler predicted it will save hundreds of billions of dollars...
...Fix” provision. Under current law, Medicare payments to doctors are scheduled to be cut by 21 percent in April, and then continue to decline for the rest of the decade. While this cut is typically reversed by Congress before it occurs, the oft-quoted CBO analysis of the Democratic health care legislation assumes that the cut will proceed and adds the savings to the reform’s tally. Without the “Doc Fix,” the CBO concludes that the bill adds to the deficit over the next decade. We’ll believe...
...claim that the bill cuts the deficit because, while the insurance subsidies don’t start until 2014, many of the taxes kick in within months. In other words, the changes the bill makes to the health-care system itself will cost $938 billion, as estimated by the CBO, and to fund it, Democrats use taxes and accounting gimmicks. Not only could the new revenue sources have instead been used to fund better ends like healthcare vouchers or lowering the deficit, but they are also unrelated to the systemic causes of high health care costs (like moral hazard caused...
...unveiling the CBO score, House Democrats also confirmed the changes they would make (which Obama had supported) to the underlying Senate bill, notably stripping out some sweetheart deals like a special Medicaid funding deal for Nebraska and a provision that would have given special treatment to Medicare Advantage recipients in Florida and a handful of other states. And the House package also makes some substantial changes to other policies in the Senate bill. Relative to the Senate bill, the House package would...