Friday, July 10, 2009

CBO says Early Estimates show Public Option will sav Billions in Ten Years

From the New Republic:

A lot of conservative Democrats, not to mention Republicans, express two big concerns about health reform. They're worried that reform will cost too much. And they don't want a government-run insurance plan.

It's about to get a lot harder to make those two arguments simultaneously.

According to a pair of Capitol Hill sources, preliminary estimates from the Congressional Budget Office suggest that a strong public option--the kind that the House of Representatives is putting in its reform bill--should net somewhere in the neighborhood of $150 billion in savings over ten years.

The sources cautioned that these were only the preliminary estimates, based on previous discussions--that CBO had not yet issued final scoring on language in the actual bill. But the sources felt the final estimate would likely be close.


And TPMDC adds:

Keep in mind, though, that the public option creates savings by driving down prices, and it can't do that nearly as effectively if it's prevented from setting below-market pay rates. But that's exactly what conservative Democrats are trying to do. At the same time, those Democrats are demanding that health care legislation do a better job of lowering health care costs. And that's just one of the contradictions inherent to the position of those attempting to scale back reform efforts.


Keep on those Blue Dogs. Call them, email them, write them, sign petitions, hold vigils or protests outside their local office. Whatever it takes, because to pass this you have to do whatever it takes!

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