Last week, the Council of Economic Advisers released its 2010 Economic Report of the President (ERP). I haven’t had time to read it yet, but I did take a quick spin through looking at the charts and getting a feel for it. The first thing I noticed is that the folks at the CEA have [...]
Archive for the ‘Health’ Category
Good Charts from the ERP
Posted in Economy, Finance, Health, Macroeconomics, tagged Finance, Health, Housing on February 15, 2010 | 7 Comments »
Don’t Double Count the Medicare Savings in Health Reform
Posted in Budget, Health, Politics, tagged Budget, CBO, Health, Politics on December 23, 2009 | 4 Comments »
In order to pay for coverage expansions (and other spending increases), the Senate health bill includes a mix of tax increases and spending reductions. Notable among these are several provisions that would reduce future Medicare spending and increase Medicare revenues. Some opponents of the bill have argued that the spending reductions would eventually drive providers [...]
Bending the Federal Health Cost Curve (Maybe)
Posted in Budget, Health, Politics, tagged Budget, CBO, Health, Politics on December 19, 2009 | 5 Comments »
UPDATE: The Congressional Budget Office discovered an error in its original cost estimate for the revised Senate health bill. CBO originally projected that the Independent Payment Advisory Board (IPAB) created by the bill would lead to substantial reductions in Medicare spending beyond 2019. CBO’s revised estimate shows significantly smaller IPAB savings in future decades. CBO’s new [...]
Key Budget Changes in the Senate Health Bill
Posted in Budget, Health, Politics, tagged Budget, Health, Politics, Taxes on December 19, 2009 | Leave a Comment »
Majority Leader Harry Reid released his revised health care bill today; the Congressional Budget Office followed shortly thereafter with its cost estimate. Leader Reid has made many changes to his original bill. The one you will hear the most about, just because it is amusing, is that the tax on cosmetic surgery (the “bo-tax”) has [...]
When Do Regulations Turn Private Insurance into Government Insurance?
Posted in Budget, Health, tagged Budget, CBO, Health on December 13, 2009 | 3 Comments »
Summary: A new Senate health proposal might turn private insurance into government insurance, at least from CBO’s perspective. In the 1990s, the Congressional Budget Office dealt a key blow to President Clinton’s health legislation when it decided that the reforms would move large portions of the health care system into the government and thus onto [...]
CBO Comments on the Budget Impacts of the Health Bills
Posted in Budget, Health, tagged Budget, Health, Politics on December 7, 2009 | 2 Comments »
CBO Director Doug Elmendorf posted a particularly interesting piece on his Director’s Blog today. Summarizing a presentation he gave to the Group of 30, Doug responds to some of the more common concerns one hears about the budget effects of the health bills: First, some analysts argue that CBO is underestimating the ultimate costs of [...]
Good Budget Reads
Posted in Budget, Health, International, tagged Afghanistan, Budget, Defense, Deficit, Health on December 3, 2009 | Leave a Comment »
1. Jeff Frankel tops my National Journal post with nine more ways to trim the deficit. 2. EconomistMom Diane Lim Rogers scores the budget quote of the week: “‘Loosey-goosey’ out, loosey-goosey’ back at ya.“ 3. Bruce Bartlett makes the case for a war tax: “wars financed heavily by higher taxes, such as the Korean War [...]
How Would Health Reform Affect Insurance Premiums?
Posted in Health, Politics, tagged CBO, Health, Politics on December 1, 2009 | 3 Comments »
Yesterday, the Congressional Budget Office released its much-anticipated analysis of how the Senate health bill might affect insurance premiums. As a political matter, the analysis appears to be a clear win for proponents of the bill. Most importantly, CBO found that average premiums in the large group market—which provides about 70% of private health insurance—would [...]
Reducing National Health Care Spending
Posted in Health, tagged Health on November 27, 2009 | 1 Comment »
Four researchers from RAND Health have an interesting article in the latest New England Journal of Medicine (ht Bruce Bartlett). Based on some detailed research in Massachusetts, they identified eight strategies that might help to reduce national health care spending: They conclude that the most promising option is to bundle payments: providers would receive a [...]
For Health Bills, A Year Makes a Big Difference
Posted in Budget, Health, tagged Budget, CBO, Health on November 20, 2009 | 5 Comments »
The coverage provisions in the Senate health bill have a much lower ten-year cost that do the coverage provisions in the House bill. According to the Congressional Budget Office (CBO), the coverage provisions in the Senate bill will cost $848 billion from 2010 through 2019, while the corresponding costs for the House bill are $1.052 [...]
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