Show Transcript: November 20 Nov 20, 2009
But what's new here is that, according to the Congressional Budget Office, more than half of that debt -- $4. 8 trillion --would be in interest. (CNN -- US)
A Better Health Bill From The Senate? Nov 20, 2009
But the significantly expands access to medical care for Americans who currently lack coverage, contains a modest public option, bars discrimination by insurers against Americans with pre-existing medical conditions and gets remarkably good marks from the Congressional Budget Office. In many respects, Reid's "Patient Protection and Affordable Care Act" is a better bill than the House measure. (CBS News)
Health Care Battle Begins in Senate Nov 20, 2009
Harry Reid, the majority leader from Nevada, has a $848 billion price tag and claims to cover an additional 31 million Americans, although the Congressional Budget Office contends that 24 million one-third of them illegal immigrants will still be uninsured by 2019. The Senate bill also includes a public option to compete against private insurers. (Nebraska Statepaper)
Time running out for comprehensive health care reform Nov 20, 2009
According to the Congressional Budget Office, they will both slightly reduce the national deficit over the next 10 years and, with luck, pay for themselves. Both bills would offer health care to more than 95 percent of Americans not already on Medicare. (Grants Cibola County Beacon, NM)
'Bo-Tax' for Health-Care Reform? Nov 20, 2009
The tax is just one of many ways the Senate bill aims to raise $6 billion to help pay for the $848 billion plan, which the Congressional Budget Office estimates would lower federal deficits by $130 billion over 10 years. The tax in the Senate would apply only to surgical procedures that qualify as "not necessary to ameliorate a deformity arising from, or directly related to, a congenital abnormality, a personal injury resulting from an accident or trauma, or disfiguring disease." Doctors and... (BusinessWeek)
Fighting coercion clause Nov 20, 2009
In 1994, the Congressional Budget Office said forcing individuals to buy insurance would be "an unprecedented form of federal action," adding: "The government has never required people to buy any good or service as a condition of lawful residence in the United States.". 1. (Albany Times Union)
GOP blasts bait and switch bill Nov 20, 2009
Officially, the Congressional Budget Office said the measure would reduce deficits by $130 billion over the next decade with probable small reductions in the 10 years that follow forecasts that cheered rank-and-file Democrats. Among the cost-cutting provisions would be creation of an Independent Medicare Advisory Board which could be required to recommend steps limiting the growth of the program that provides health care to millions of seniors. (MSNBC -- Politics)
$100 Million Payoff to Buy Sen. Landrieu's Vote... Nov 20, 2009
According to the Congressional Budget Office: $100 million. Heres the incredibly complicated language. (The Drudge Report)
Legislators should give more consideration to Wyden-Bennett health plan Nov 20, 2009
The nonpartisan Congressional Budget Office and Joint Committee on Taxation have evaluated the plan and both concluded that it would be revenue neutral within two years of becoming fully operational and eventually generate budget surpluses. A review of the Healthy Americans Act by the Lewin Group, a Virginia-based health-care consulting group, found that it could reduce the current health-care costs of private employers by nearly three-quarters. (Longview Daily News, WA)
Health Care: How Obama is Shoring Up Senate Support Nov 20, 2009
Members of the team also said it is important to frame the message carefully emphasizing, for instance, estimates by the Congressional Budget Office that the health overhaul will save money in the long run, reassuring seniors who are afraid of seeing Medicare cut and stressing new provisions like ones that would protect people from becoming uninsurable as a result of pre-existing health conditions. But the Republicans are readying their message as well. (Time.com)
Senate awaits test vote on health-care overhaul Nov 20, 2009
The nonpartisan Congressional Budget Office estimates that 94 percent of the public would obtain coverage by 2019, up from the current 83 percent. The insurance exchanges would not be implemented until 2014. (AZCentral -- News)
America's fiscal deficit: Stemming the tide Nov 20, 2009
Early last year the Congressional Budget Office (CBO) thought federal debt held by the public, then about 40% of GDP, would fall to 28% in a decade s time. It now sees it reaching 82. (The Economist)
The One Thing Nov 20, 2009
According to CBO Director Douglas Elmendorf: "I concluded the talk by emphasizing that fiscal policy is on an unsustainable path to an extent that cannot be solved by minor tinkering.". None of these people advising the president or writing these bills in Congress, are advocating small changes. (Fox News)
Doc Fix or Doc Tricks? Nov 20, 2009
By separating off doc fix, they can maintain that Obamacare is budget neutral, because thats the way it was scored by the Congressional Budget Office. They cant maintain the bills budget-neutrality after a doc fix is added into the mix. (Townhall.com)
Bill would cause increase in Medicare premiums Nov 20, 2009
According to an analysis by the Congressional Budget Office, the legislation expected on the House floor this week would raise fees for doctors treating Medicare patients by 194. 6 billion over a decade. (Coos Bay-North Bend The World, OR)
'Rewarding' Terrorists Nov 20, 2009
The Congressional Budget Office estimates Senator Majority Leader Harry Reid's health care bill will cost $849 billion over the next 10 years. Now, according to the CBO, the bill would reduce the deficit by $127 billion the next decade. (Fox News)
Senate Dems to make gov't plan widely available Nov 20, 2009
The Congressional Budget Office said Thursday that about two-thirds of the U.S. population would have a public plan available in their state, even though the Democrats' 10-year, $848-billion bill would allow states to opt out. Wide availability doesn't mean the government plan would dominate the market, however. (KGW Northwest NewsChannel 8, OR -- Business)
Use accurate statistics Nov 20, 2009
A study by Dr. June ONeill, who served as director of the Congressional Budget Office from 1995-1999, shows that nearly half of those uninsured Americans could likely afford to purchase health coverage. The average voluntarily 00004000 uninsured household makes $65,000 per year. (Fresno Bee -- Opinion)
Health Rx Math: Heroic Efforts, Upfront Fees Nov 20, 2009
While that is technically true, the Congressional Budget Office score reveals that the actual savings would smaller, minuscule compared to the fiscal gap. More importantly, CBO's analysis drives home just how difficult it will be to find big health care savings if Reid's $900 billion-plus bill passes and, perhaps, even if it doesn't. (Investors Business Daily)
Poll: Most support curbs on malpractice suits Nov 20, 2009
Limits on jury awards in malpractice cases could reduce the federal deficit by $54 billion over 10 years, says the Congressional Budget Office, because doctors caring for Medicare and Medicaid patients would order up fewer tests to guard against being sued. "In this country, there are just too many people who are just out for a quick buck," said Christine Vasquez, 67, a retiree from Clarkston, Mich. (MSNBC -- Politics)
'Pink Slip' for Congress Nov 19, 2009
Another one of the things that brought up with one of your colleagues is the Congressional Budget Office that scored Senator Reid's bill, apparently he has not go gotten that score yet. But I would like to have that number right away, too. (Fox News)
Time running out for comprehensive health care reform Nov 19, 2009
According to the Congressional Budget Office, they will both slightly reduce the national deficit over the next 10 years and, with luck, pay for themselves. Both bills would offer health care to more than 95 percent of Americans not already on Medicare. (Grants Cibola County Beacon, NM)
Senate health bill woos moderates Nov 19, 2009
The bill, the product of a merger of two committee bills, would cost $849 billion over the next decade, according to preliminary estimates from the nonpartisan Congressional Budget Office. A combination of tax hikes, Medicare cuts, and health system reforms would more than offset that amount, ultimately driving the deficit down by $127 billion over the first 10 years and by $650 billion over the next 10 years. (Boston Globe)
Obama 'furious' about Afghanistan leaks... Nov 19, 2009
- Ben Smith - POLITICO.com. Obama, speaking to CBS in Beijing, says he's "furious' about the stream of leaks characterizing the Afghanistan deliberations. THE PRESIDENT: I think I am angrier than Bob Gates about it, partly because we have these deliberations in the Situation Room for a reason because we are making decisions that are life-and-death, that affect how our troops will be able to operate in a theater of war. For people to be releasing information during the course of deliberation --... (The Drudge Report)
Senate, House Democratic health bills compared Nov 19, 2009
COST: The Congressional Budget Office says the bill's cost of expanding insurance coverage over 10 years is $1. 055 trillion. (KGW Northwest NewsChannel 8, OR -- Business)
ArcelorMittal Needed A Second Chance Nov 19, 2009
They should read all 13 pages of the CBO critique. 10/08/2009 08:01 PM ET. (Investors Business Daily)
Harry Reid's Strip Tease Nov 19, 2009
The Congressional Budget Office was expected to release its analysis of the bill on Nov. 18, but it's not yet available on , and my attempts to get CBO to tell me when they'll make it public have been unavailing ... Len Nichols explains why his "level playing field" is misunderstood by the Congressional Budget Office. (Slate)
My Own Private Screening Nov 19, 2009
Len Nichols explains why his "level playing field" is misunderstood by the Congressional Budget Office. Timothy Noah | Nov. 17, 2009. (Slate)
'Too big to fail' US banking law Nov 19, 2009
FROM OTHER NEWS SITES Financial reforms grind forward in Congress - 3 hrs ago House panel OKs granting of bank breakup power - 4 hrs ago * CBO says Reid's health bill would cut deficit - 5 hrs ago Panel OKs measure for council to break up banks - 12 hrs ago Kanjorski Seeks To End "Too Big To Fail" Financial Firms - 13 hrs ago * Requires registration. SHARED. (BBC News -- Americas)
EARLIER THIS MONTH: Historic health care bill passes House Nov 19, 2009
In the bill's most controversial provision, the government would sell insurance, although the Congressional Budget Office forecasts that premiums for it would be more expensive than for policies sold by private companies. Graham said he thinks the government option "will destroy private health care. Nobody in this country in the insurance business can compete with a government-sponsored plan, where the government writes the benefits and politicians will never raise the premiums.". (USA Today)
LETTER: Obama dismantling free-market system Nov 19, 2009
The congressional budget office said the wealthiest Americans got richer due to Bushes tax cuts for them - and the top 1% even more so. "Based on an exhaustive analysis of tax records and census data, the study reinforced the sense that while Mr. Bushs tax cuts reduced rates for people at every income level, they offered the biggest benefits by far to people at the very top especially the top 1 percent of income earners." They went on to say, "Mr. Bush and his Republican allies in Congress want... (Mattoon Journal-Gazette, IL)
Senator Reid's $849 Billion Measure Widens Health Coverage, Cuts Deficit Nov 19, 2009
Reids proposal, the most sweeping overhaul of the U.S. health system in four decades, cleared a major hurdle when the Congressional Budget Office said it would cut the federal budget deficit by $127 billion in the first decade. That met a standard set by President and allows Reid to seek a vote as early as Saturday to open the way for Senate debate. (Bloomberg -- US)
Your views: Political trench warfare (Nov. 19) Nov 19, 2009
According to the Congressional Budget Office, not so. In short, the evidence available to date does not make a strong case that restricting malpractice liability would have a significant effect, either positive or negative, on economic efficiency, the CBO stated. (Florida Today)
Obama: America's standing restored Nov 19, 2009
Senate Majority Leader Harry , D-Nevada, said Tuesday that he was still waiting for a cost estimate of the legislation from the nonpartisan Congressional Budget Office. That estimate won't be completed until at least Wednesday, a senior Democratic source said. (CNN)
Study suggests costs rise under health care bill Nov 19, 2009
The Republican plan Kirk touted is estimated to push down premiums for privately insured people but would reduce the number of uninsured by just 3 million, according to an analysis by the Congressional Budget Office. The legislation that passed would raise 460 billion over the next decade from a surcharge on incomes over 500,000 for individuals and 1 million for couples. (Jefferson City News Tribune, MO)
Senate panel passes food safety reform bill Nov 19, 2009
Harkin said he may adopt them as well but he is waiting for the nonpartisan Congressional Budget Office to determine the price-tag of his bill. "If this is for public protection it's something we all ought to pay for," said Harkin. (MSNBC -- Health)
Reich: Public Option Increases Health Costs Nov 19, 2009
And it will mainly attract people who have more expensive medical needs, which is why the Congressional Budget Office decided it would cost more than it would save. . (Newsmax)
Republicans Oppose Breast Cancer Screening Limits Nov 19, 2009
There are reportedly four Democrat senators who actually want to be able to read the bill and see the CBO cost analysis before voting to proceed: Ben Nelson (D-Neb. Mary Landrieu (D-La. (Human Events Online)
Reid's Healthcare Plan Totals $849 Billion Nov 19, 2009
As rank-and-file Democrats gathered to learn details of the measure, a senior Democratic leadership aide said the Congressional Budget Office had estimated it would spread coverage to 31 million Americans who currently lack it while still reducing federal deficits by a total of $127 billion over 10 years ... According to estimates from the Congressional Budget Office, that House bill, with a price tag of about $1. (Newsmax)
Another View: A modest proposal about gun control Nov 19, 2009
Sure, maybe the Congressional Budget Office could overestimate its cost, and some wimpy liberals could file a court challenge, but the Supreme Court would slap it down on a clear 5-to-4 vote. Nancy Pelosi and Harry Reid, here's one issue where you can count on at least a couple of Republican votes. (Hanford Sentinal, CA)
Reid: Finish line on health care is finally in sight' Nov 19, 2009
The legislation, which the nonpartisan Congressional Budget Office estimates should shave $127 billion from the federal deficit over the next 10 years, the biggest projected savings of any major health care bill thus far. It would bar insurers from denying coverage because of pre-existing conditions and set up exchanges, or marketplaces, where consumers could easily compare coverage and rates, and provide federal help for lower-income people to obtain policies. (Fresno Bee -- Local)
CBO puts Senate health bill cost at $849 billion Nov 19, 2009
CBO: Senate health plan to cost $849 billion - Health care reform- msnbc ... CBO: Senate health plan to cost $849 billion ... An aide said the CBO also estimated that the bill would achieve cuts of $1 trillion over a decade in projected health care costs. (MSNBC -- Politics)
Reid Sets Markers for Historic Health Care Debate Nov 19, 2009
Aides said the mammoth, 2,074-page bill would reduce deficits by $127 billion over a decade and by as much as $650 billion in the 10 years that follow, citing as-yet-unreleased estimates by the Congressional Budget Office. "Tonight begins the last leg of this journey," said Nevada Sen. (ABC News -- Wire)
Fierce debate ahead on Senate health care bill Nov 19, 2009
As rank-and-file Democrats gathered to learn details of the long-awaited bill, the aide also said the Congressional Budget Office had estimated the legislation would reduce federal deficits by a total of $127 billion over that decade. The aide said the budget agency also projected that if enacted, the legislation would leave 94 percent of eligible individuals with coverage. (Athens Banner-Herald)
Senate Democrats' Health Care Bill Will Cost $849 BillionCongressional Budget Office estimates bill will cut budget deficit by $127B. Nov 19, 2009
Senate Democrats Health Care Bill to Cost $849 Billion, CBO Reports - ABC News ... Even before the CBO announcement and the Democratic caucus this evening, was abuzz with activity and chatter ... CBO's figures come after weeks of silence from the Senate on the health care debate. (ABC News)
Senate health bill comes in at $849B Nov 19, 2009
According to information about the Congressional Budget Office (CBO) cost estimate of the bill provided by a leadership aide, the bill also would reduce the deficit by as much as $650 billion over the second 10 years, though the CBO has consistently emphasized that projections outside the first 10 years are highly uncertain. Reid plans to unveil the bill to the entire Democratic caucus at 5:00 p.m. Wednesday and will hold a press event Thursday afternoon to make a full announcement. (TheHill.com)
Republicans coming out of their caves: Nov 19, 2009
The Congressional Budget Office (non-partisan) scores it as achieving deficit reduction of $109 billion in the first 10 years. When in the majority, health care reform was not mentioned by Republicans; the number of uninsured just increased. (Chetek Alert, WI)
Reid Optimistic on Senate Health Bill Nov 19, 2009
Preliminary , the legislation's official scorekeeper, have indicated that the Senate measure would cost far less than the bill the House approved last week, while lowering the federal deficit further over the long term, said several senior Democratic aides who have reviewed the CBO data. Democrats are hopeful about winning over at least one Republican, Sen. (CBS News -- US)
U.S. Senate unveils health care reform bill Nov 19, 2009
Citing an analysis by the Congressional Budget Office, Reid, a Democrat, said that the bill was estimated to cost 849 billion dollars over 10 years but it can reduce the federal deficit by 127 billion dollars in the first decade and more than 600 billion dollars in the following decade. The 2,074-page bill, which combines two separate drafts approved by Senate committees, will be sent to the whole floor for debate and vote, Reid said. (Xinhuanet, China)
Historic status for Billy’s gas station? Nov 18, 2009
The Congressional Budget Office estimates it will cost $17 million to upgrade and maintain the sites over the next five years. That was enough to elicit an objection from Steve Ellis, vice president of the Washington-based Taxpayers for Common Sense. (Boston Globe)
FIFTH DISTRICT: New bill addresses health care issues Nov 18, 2009
The non-partisan Congressional Budget Office estimates that the bill will reduce our nation s growing deficit over 10 years by $104 billion. As with any undertaking of this magnitude, the legislation is not perfect. (Bolton Common, MA)
Tax rich, poll respondents say Nov 18, 2009
The Congressional Budget Office estimated that the program would be fiscally solvent over a 75-year period with the income from premiums, and no taxpayer financing. From the Wednesday, November 18, 2009 edition of the Augusta Chronicle Reader Comments Note: Comments are not edited and don't represent the views of The Augusta Chronicle. (The Augusta Chronicle)
Mr. Level Playing Field Nov 18, 2009
That, at any rate, is what the Congressional Budget Office and what it is likely also to conclude with respect to the "opt-out" version of the public option that Senate Majority Leader Harry Reid has submitted to the CBO for scoring ... Len Nichols explains why his "level playing field" is misunderstood by the Congressional Budget Office. (Slate)
Democrats promise jobs bill Nov 18, 2009
Only about one-fourth of the February bill's deficit-driven stimulus impact was felt by the October start of the budget year, according to the Congressional Budget Office. Most of any additional appropriations wouldn't be felt for months. (Yahoo News -- Press Releases)
Universal health care becomes mandatory, bill not practical Nov 18, 2009
The bipartisan Congressional Budget Office estimates that in 2016, when the bill would be in full affect, the minimum cost for the public option's least expensive health care plan would be $5,300 for a single person and $15,000 for family coverage. Included in the bill are a set of civil and criminal punishments for anyone who does not adhere to the mandate and the government is not just going to send you an angry letter. (Daily Orange, NY)
When the budget director talks, people will listen Nov 18, 2009
D., runs the Congressional Budget Office, the nonpartisan agency charged with assessing how legislation, like President Barack Obama's proposed health overhaul, would affect the federal budget ... " To relax, he coaches his twin daughters' soccer team on weekends; the girls, Caroline and Laura, 14, say that when things get really rough, their father spends more time than usual with the family dog, a black Labrador retriever named Hobie. Perhaps tellingly, Elmendorf showed up for his interview... (Honolulu Star-Bulletin)
Waiting game for Senate health bill Nov 18, 2009
Majority leader still waiting on Congressional Budget Office estimate ... Senate Majority Leader Harry Reid, D-Nevada, said he was waiting for a cost estimate of the legislation from the nonpartisan Congressional Budget Office. (CNN)
Reid: People Will Be Impressed by Senate Health Care Bill Nov 18, 2009
on Tuesday predicted Senate Democrats would get rave reviews for their forthcoming health care reform bill even as he continues to wait for the official cost estimate from the Congressional Budget Office. LOG IN NOT A SUBSCRIBER. (Roll Call)
Reid Plans Health Care Caucus Wednesday Evening Nov 18, 2009
has set a special caucus for Wednesday evening to brief Senators on his forthcoming health care overhaul even though he has yet to receive a formal cost estimate on the measure from the Congressional Budget Office. LOG IN NOT A SUBSCRIBER. (Roll Call)
Reid promises 'best' health bill yet Nov 18, 2009
Democrats are waiting on a score from the Congressional Budget Office, which may be out as soon as this afternoon. Source: The contents of this site are. (TheHill.com)
Let's consider mandatory gun ownership Nov 18, 2009
Sure, maybe the Congressional Budget Office could overestimate its cost, and some wimpy liberals could file a court challenge, but the Supreme Court would slap it down on a clear 5 to 4 vote. Nancy Pelosi and Harry Reid, here's one issue where you can count on at least a couple of Republican votes. (Albany Times Union)
Blanche Lincoln Feels Heat on Health Care Nov 18, 2009
The CBO has reviewed separate plans and say that reform will not add to the debt or deficit. by mmvale November 17, 2009 5:18 PM EST. (CBS News -- US)
Bill Would Cause Increase in Medicare Premiums Nov 18, 2009
According to an analysis by the Congressional Budget Office, the legislation expected on the House floor this week would raise fees for doctors treating Medicare patients by $194. 6 billion over a decade. (ABC News -- Wire)
Editorial Roundup Nov 18, 2009
The Congressional Budget Office projection that the House measure would lower the federal deficit by $109 billion in its first 10 years is accurate only if one accepts the data presented to the CBO.. It is hard data to buy. (Hanford Sentinal, CA)
Reid Pushes Democratic Senate Holdouts to Vote for Health-Care Bill Debate Nov 18, 2009
Reid, who is scheduled to meet with the Senate Democratic caucus at 5 p.m. today, said he expects cost estimates from the Congressional Budget Office very soon and is hopeful he can get enough votes to start debate on the bill. I feel cautiously optimistic that we can do that, Reid said in Washington yesterday, referring to opening floor discussion on the health-care measure. (Bloomberg -- US)
