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Thread: Senate Health Bill Totals $849 Billion, CBO Estimates

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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    [quote]
    Quote Originally Posted by Harry Guerrilla View Post
    Please explain how they are over changing then.
    I,m feeling a bit lazy today Harry so i will give you this and you can do your own homework.

    The McCarran-Ferguson Act of 1945.


    I don't favor third parties getting involved with individuals medical care decisions.
    As history has shown both Medicare and insurance companies raise prices by inducing consumption.
    Yeah, some of the fees for service need to be reined in. Kinda like piecework in factories....Gasp...did we actually agree on something?
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Where does fox get these numbers?

    In the actual CBO report it says $848 billion for the gross cost.

    A net decrease in the budget by $130 billion.

    These numbers are not off by much so its not a huge deal. How does Fox get this wrong though?

    I have no idea where the $650 billion came from. The CBO reported:

    ...CBO expects that the bill, if enacted, would reduce federal budget deficits over the ensuing decade relative to those projected under current law—with a total effect during that decade that is in a broad range around one-quarter percent of GDP.

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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    The Senate version requires payment for abortions from fees received from everyone. That will not go over well for millions of Americans and will be a major problem for this bill.

    Some people are so adamant on the subject of abortions, that I have no doubt there would be a revolution of sorts if government tells them their insurance fees must go towards other people's abortions.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Quote Originally Posted by RightinNYC View Post
    Not much point in getting riled up until they actually release the CBO report. I don't see how this has changed much since the last bill in the Senate, except for the fact that they're adding more taxes and caving even further to the unions.
    Well, remember, it is a CBO report. The same fools who argued Clinton had a trillion dollar surplus based on projections.

    If there is one thing I am 100% in agreement with TD on, it's that CBO projections aren't worth the paper they are printed on. CBO analysis of historical data is entirely different though.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Two-Thirds Of States Would Offer Public Option: CBO



    Two-Thirds Of States Would Offer Public Option

    The Congressional Budget Office estimates that roughly 33 states -- or two out of every three -- would offer a national, government-run insurance option for consumers even if given the opportunity to opt out of such a system.

    "Rather than trying to judge which states might opt out," the CBO wrote in a letter accompanying the Senate's forthcoming legislation, "CBO applied a probability recognizing that public opinion is divided regarding the desirability of a public plan and that some states might have difficulty enacting legislation to opt out. Overall, CBO's assessment was that about two-thirds of the population would be expected to have a public plan available in their state."

    The calculation seems drawn entirely out of thin air, as Time magazine's Karen Tumulty notes. And there are reasons to believe it could be either higher or lower than 66.7 percent.

    The CBO estimates that only one out of every eight consumers would likely choose the public option. It's a modest, if not low, number but it is large enough to make a governor or state legislature think long and hard about removing that choice of coverage from the state exchange.

    On the flip side, however, is the likelihood that by the time the public option becomes operational, statehouses in the country won't lean as Democratic. The public plan, a Senate aide confirms, would not start until 2014. And once it does become operational, states could opt out immediately.

    Finally, the CBO estimates that a public plan with negotiated reimbursement rates might end up charging higher premiums than private insurers. This, of course, would make it less attractive to consumers and, by extension, state governments. But the public plan would likely attract riskier consumers -- including those who are elderly or sick or have a pre-existing condition -- which would make it all the more cruel for a governor to upend.


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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Quote Originally Posted by obvious Child View Post
    Well, remember, it is a CBO report. The same fools who argued Clinton had a trillion dollar surplus based on projections.
    Yeah! They're all a bunch of idiots! Some guy on the internet knows so much more than they do!

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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Quote Originally Posted by misterman View Post
    Yeah! They're all a bunch of idiots! Some guy on the internet knows so much more than they do!
    I got a hard time accepting projections from an organization that is generally wrong. Furthermore, I've DONE projections. Anything more then a few years (read two) is pretty much voodoo. There are far too many assumptions that underlie the projection that can be changed.

    Besides, the fools argued we'd see a trillion dollar surplus on Clinton's budget.

    lol. It's one thing to project and another to analyze historical data. The CBO is good for analyzing. Projections are another story.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Quote Originally Posted by donc View Post
    I,m feeling a bit lazy today Harry so i will give you this and you can do your own homework.

    The McCarran-Ferguson Act of 1945.
    The government allowed them to be excluded from anti trust laws.

    The problem is that government got in the way on this and instead of fixing things like this they go off on a wild tangent and do things that don't fix problems but create more.



    Quote Originally Posted by donc View Post
    Yeah, some of the fees for service need to be reined in. Kinda like piecework in factories....Gasp...did we actually agree on something?
    I disagree that fee for service is bad.

    Shielding customers from the fee is the main problem.
    Insurance both private and government do this.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Senate Health Bill Totals $849 Billion, CBO Estimates

    Quote Originally Posted by obvious Child View Post
    I got a hard time accepting projections from an organization that is generally wrong.
    CBO is usually pretty accurate. More than other leading government forecasters.

    This will interest you. CBO assessing it's past accuracy:
    http://www.cbo.gov/doc.cfm?index=3277&type=0&sequence=6

    Furthermore, I've DONE projections. Anything more then a few years (read two) is pretty much voodoo. There are far too many assumptions that underlie the projection that can be changed.
    Fine. That applies to yours too.
    Last edited by misterman; 11-21-09 at 06:10 PM.

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