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Major reforms delayed until 2014 - Live Pulse - POLITICO.com
Absolutely hilarious.
So the bill will only cost $849b over the first decade while reducing the deficit by $127b...but that's only because it's balancing ten years of revenues against six years of expenditures.
How on earth can anyone defend this?
Here's the CBO report for those who care: http://www.politico.com/static/PPM130_reid_letter_11_18_09.html
The Senate bill pushes back implementation of major parts of the reform to 2014 -- a change from 2013 under the Finance Committee bill.
This is bad news for lawmakers who will need to explain to constituents why the elements that have attracted the most attention -- the public plan, the Medicaid expansion and the insurance exchanges -- won't be available for four years.
Some reforms would kick in earlier, Senate aides explained, but the big pieces would still be a ways off.
Absolutely hilarious.
So the bill will only cost $849b over the first decade while reducing the deficit by $127b...but that's only because it's balancing ten years of revenues against six years of expenditures.
How on earth can anyone defend this?
Here's the CBO report for those who care: http://www.politico.com/static/PPM130_reid_letter_11_18_09.html