Hot Air – GOP health-care reform cost: $61 billion, cut deficit $68 billion

Posted by Jason | Posted in Health Care | Posted on 05-11-2009

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Some info on Republican plan via HotAir.

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:

This evening, CBO released a preliminary analysis of a substitute amendment to H.R. 3962, the Affordable Health Care for America Act, proposed by Representative John Boehner, the Republican Leader in the House of Representatives. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that the amendment would reduce federal deficits by $68 billion over the 2010-2019 period; it would also slightly reduce federal budget deficits in the following decade, relative to those projected under current law, with a total effect during that decade that is in a broad range between zero and one-quarter percent of gross domestic product.

Unlike the Democratic proposals, the bill would actually reduce premiums:

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.

via Hot Air » Blog Archive » GOP health-care reform cost: $61 billion, cut deficit $68 billion.

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Comments (2)

Jason, what do you think… is this GOP plan too little, too late?

I like the overall idea, and it’s obviously superior to the ObamaCare/PelosiCare plan, but based on the CBO estimates (I know, take them w/ a grain of salt), it just doesn’t have the wow factor that most of the country needs to see to get on board with this.

Your thoughts?

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John, I agree. Personally, I do not want any central plan. I want the government out of it. The only thing I like about Republican plans in the past, was they pushed people more towards the free market. HSAs are a way to get the consumers in on their purchases. Also, during the election McCain got clobbered for wanting to tax company health plans. Although people act like this was horrible, it would do what I said needs to happen. It would make it more beneficial for business to not be in the health care business. That would drive cost down as well, because people would make better purchasing decisions based on individual needs instead of one size fits all for a company.

Personally, I wish someone had the cahones to say Government should not be in the business of regulating health care. It only causes harm, and the people should decide. The problem is he’d quickly get guillotined in the public square.

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