Some Basic Info on CBO Scoring of Healthcare Bills
Submitted by Connecticut Man1 on October 30, 2009 - 14:58Via ThinkProgress, both the Baucus Bill and the plan put forward by Pelosi will enroll some more people but most will not be in the Public Option and it will not cover everyone:
CBO: Public Option To Attract Only 6 Million Enrollees & Doesn’t Offer Lower Premiums
The public option would attract about 6 million enrollees by 2019 and charge premiums that are “somewhat higher than the average premiums for the private plans in the exchanges.” This is because the public option would “engage in less management of utilization” by its enrollees and “attract a less healthy pool of enrollees,” the office concludes. Moreover, since the House bill expands Medicaid up to 150% of the federal poverty line, it’s possible that the enrollees that would have enrolled in the public option went into Medicaid instead.
Below is a comparison of the relevant provisions in the House and Senate Finance Committee legislation:
CBO Score Of House Bill | CBO Score Of Baucus Bill | |
Costs | Reduce deficits: $104B/10yrs Cost: $894B/10yrs Spends on subsidies: $605B/10yrs On Medicaid/CHIP: $425B/10yrs On Small Employer Credit: $25B/10yrs |
Reduce deficits: $81B/10yrs Cost: $829B/10yrs Spends on subsidies: $461B/10yrs On Medicaid/CHIP: $345B/10yrs On Small Employer Credit: $23B/10yrs |
Insured | Uninsured reduced by: 36M Uninsured in 2019: 18M In Exchanges: 30M | Public Plan: 6M In Medicaid: 15M |
Uninsured reduced by: 29M Uninsured in 2019: 25M In Exchanges: 23M In Medicaid: 14M |
Revenue | Mandate penalty: $33B/10yrs Pay-Play penalty: $135B/10yrs New taxes: $572B/10yrs |
Mandate penalty: $4B/10yrs Free rider penalty: $23B/10yrs New taxes: $196B/10yrs |
Medicare and Medicaid |
Total savings: 426B/10yrs Medicare Advantage: $170B/10yrs |
Total savings: 404B/10yrs Medicare Advantage: $117B/10yrs |
With a Single Payer solution it would be everybody in and nobody out - AND it would save a heck of a lot more money for everyone.
The difference is not just everyone being covered but HUNDREDS of BILLIONS of DOLLARS saved every year: