Become informed and defend your freedoms.  This is a website for citizens by an independent citizen.

Trends, Costs  in Healthcare

Comments on Kennedy Proposal Costs and the CBO Analysis

From Heartland: 

The Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) took a lot of wind out of a lot of sails when they released a score of the Senate HELP proposal. They estimated Senator Kennedy's draft would add $1 trillion to the deficit over 10 years and decrease the number of uninsured by only 16 million.

Keep in mind, this is money added to the deficit because the federal government has no real money to spend. Every penny of new spending has to be borrowed from ... well, who knows? That means interest has to be paid on it, and it has to be paid back at some time, by ... well, who knows? Also, this is new money added to an already-bloated health care system.

Further, CBO/JCT have barely scratched the surface of this one proposal. This is only an estimate of the cost of the subsidies provided to people from 150 percent to 500 percent of poverty. And even then it does not estimate the cost of the enriched benefits for this coverage, such as:

Covering "children" to the age of 27,

Eliminating any annual or lifetime maximums,

Any benefit enhancements required by the new "Medical Advisory Council," and

The added costs of minimum loss ratios, community rating, and administration related to policing provider behavior.

It also does not estimate the added cost of putting all people up to 150 percent of poverty on Medicaid, or of the massive administrative costs of setting up and running "gateways," conducting "risk adjustment" programs, or enforcing mandates.

Source: Congressional Budget Office