Word: cbo
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...appreciated for their own sake instead of as a means to a greater moral end. When Lieberman tells reporters that he opposes a public option because it will “end up increasing the national debt,” he not only spouts incorrect facts—the CBO estimates that a strong public option would save $150 billion over ten years—but he also misses the point. An increase in national debt does not in itself lead to negative moral consequences. If the goals of the spending—such as providing health care...
...Given that Medicare reimbursement rates can be 30% lower than those paid by private insurers, such a system could be a powerful one at holding down costs and could save the Federal Government $110 billion over 10 years, according to the most recent estimates by the Congressional Budget Office (CBO). (The Federal Government's costs here would primarily be the subsidies it gives low- and middle-income people to help pay their premiums.) Not surprisingly, that robust public option faces strong opposition from doctors and hospitals, who complain they are already underpaid by Medicare, as well as from insurance companies...
...like a traditional insurance company, with the Health and Human Services Secretary negotiating with health-care providers to determine how much it would reimburse them. That wouldn't raise as many objections from health-care providers and insurers, but it wouldn't save all that much money either. The CBO estimates it would trim federal spending by about $25 billion over 10 years...
There are also more practical hurdles, including the fact that Reid has not yet received an official analysis of his legislation from the Congressional Budget Office, and may not until late next week. Senators will not want to begin debating the legislation until they have the CBO's projection of how much it will cost and how it will affect the deficit. Between next week's Veteran's Day recess and the subsequent Thanksgiving break, that means it may well be December before the bill even gets to the Senate floor...
...billion in savings over 10 years, while negotiated rates would save only about $25 billion. Pelosi, who is trying to whittle the House bill down from its $1.1 trillion price tag closer to the $900 billion that both Baucus and Obama are targeting, is hoping to use these CBO estimates to convince Democrats who oppose a public option to come on board...