CBO director Douglas Elmendorf scored the new proposal from House Republicans on health-care reform and gave them plenty of ammunition to use against expansive and expensive Democratic plans for government takeovers. Their plan, which relies on interstate competition, HSAs, and tort reform, would only cost $61 billion in the first ten years of the plan — or slightly less than 6% of what Democrats plan to spend to overhaul the entire system.
From CBO Director's Blog:
CBO anticipates that the combination of provisions in the amendment would reduce average private health insurance premiums per enrollee in the United States, relative to what they would be under current law-by 7 percent to 10 percent in the small group market, by 5 percent to 8 percent for individually purchased insurance, and by zero to 3 percent in the large group market. Those are averages, however, and they are subject to a great deal of uncertainty; some individuals and families in each market would see different results.
In related news, GOP Rep. Michele Bachmann will be leading a march on Washington DC at noon today to stop the government health care takeover.
Bachmann (R-Minn.) gave the marching orders on a conference call of top activists, many of whom planned to board buses in New Jersey and North Carolina Thursday morning to attend the event that the congresswoman thought up last week. "Nothing is more influential than an eyeball-to-eyeball meeting between a freedom-loving constituent and a member of Congress," she explained. "Nothing scares a member of Congress more than freedom-loving Americans."
Twitpic of the crowd!
Thursday, November 05, 2009
Posted by RightwingSparkle at 10:35 AM