Word: deficits
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...HELP Committee, you could understand why the Finance Committee would decide to delay its own markup. After all, it had been warned by the CBO that an early draft of its bill would have an even larger price tag than the HELP Committee's - it would increase the deficit by more than $1.6 trillion over the next decade. So Finance Committee members will be spending the next few weeks trying to reduce the price tag. It is looking, for instance, for ways to make sure that people who now get coverage from their employers cannot drop it in favor...
...about the dollars. Coming up with a bill that doesn't add to the deficit is turning out to be even harder than members of Congress thought it would be. (Read "Kennedy's Absence Felt on Health-Care Reform...
...Hill. In recent days, the CBO has issued preliminary estimates suggesting that both major bills in the Senate - including the one being worked on by the Health, Education, Labor and Pensions (HELP) Committee and the one by the Finance Committee - are not only going to add significantly to the deficit, but also that they'll do so without delivering what lawmakers have promised in terms of bringing down health-care costs and covering the uninsured...
...awkward, but moving too hastily with a half-baked bill can be worse, as the HELP Committee is learning the hard way. The committee forged ahead with a markup - a formal drafting session - on June 17 despite a CBO estimate that its bill, as it stands, would increase the deficit by $1 trillion over the next 10 years and still leave the number of uninsured about two-thirds as high as it is now. Senator Chris Dodd, filling in for ailing committee chairman Ted Kennedy, hadn't even read his formal opening statement before he was interrupted by Republicans demanding...
...rolls of those on employer-based health insurance on the presumption that most people would sign up for state-based private plans, which would be able to pool more effectively to keep down costs. It's the only plan that's been scored by the Congressional Budget Office as deficit neutral, and it lays out a more comprehensive approach. Senator Judd Gregg, the top Republican on the Budget Committee, also recently laid out a proposal that expands private health-insurance coverage; and Senator Mike Enzi, the top Republican on the Senate Health, Education, Labor and Pensions Committee, has said...