First, Obama gets booed by the doctors at the AMA conference. Then the Congressional Budget Office prices the Kennedy-Dood healthcare bill at $1 trillion over ten years but only covers an additional 16 million people. The analysis does not include an expansion of Medicaid — which, of course, would mean more people would be covered but at a higher cost. Drip, drip, drip …
Some Democrats want the costs of healthcare reform to be judged by the White House Office of Management and Budget, not the nonpartisan Congressional Budget Office. As The Hill explains: “This unusual option could give Democratic leaders hundreds of billions of additional dollars to work with as they draft their plans. But Republicans would call it an accounting gimmick and a huge spending loophole.” It doesn’t need to be said, but I will say it: If the Bush White House would have tried a stunt like this, the Dems and the MSM media would have screamed.
Capitol Hill watcher Pete Davis gives the breakdown:
Health care reform financing options estimated by JCT. Yesterday, June 2 Joint Committee on Taxation “very preliminary” revenue estimates were obtained by the Bureau of National Affairs showing the following 10 year revenue increases:
I just attended a healthcare symposium at the American Enterprise Institute where Prof. Stephen Parente of the University of Minnesota revealed the results of a complex healthcare cost simulation model. What did the number crunching show? The Democratic healthcare plan under consideration by the Senate Finance Committee would cost $300 billion a year if it wanted to reduce the number of uninsured Americans by three quarters. (Hello VAT!) And just to show how hard it is to do healthcare reform within current parameters of public policy, a conservative Republican alternative plan would cost $150 billion a year, though it would achieve the same results. Or America could try this approach.
Healthcare reform is gaining momentum. (“If we don’t get it done this year, we’re not going to get it done,” Obama said yesterday.) Ted Kennedy’s bill is beginning to be unwrapped, says the WaPo: