Health care understandably dominated the headlines leading up to — and beyond — yesterday’s historic House vote. It’s important to remember, however, that the reconciliation legislation also includes major reforms in the way that the government supports student loans. Under current law, federally supported loans are made both direct from the government and through private [...]
Posts Tagged ‘Health’
About that Government Takeover of the Student Loan Business …
Posted in Budget, Finance, Politics, tagged Budget, Health, Student Loans on March 22, 2010 | 7 Comments »
One Last (?) Health Cost Estimate
Posted in Budget, Health, tagged Budget, CBO, Health on March 21, 2010 | 3 Comments »
On Saturday, the Congressional Budget Office released its complete cost estimate for the health/revenue/education legislative package that the House is expected to vote on later today. The good news: The combined package would reduce the deficit by slightly more over the next ten years ($143 billion) than previously estimated ($138 billion). And nothing has changed [...]
How Much Does Health Reform Cost?
Posted in Budget, tagged Budget, CBO, Health on March 19, 2010 | 19 Comments »
It figures that CBO would release its much-awaited score just as I was boarding a plane to go to a conference. So apologies for being slow to the party. The headlines are reporting that CBO scored the health reform effort as costing $940 billion over the next ten years. Readers of this blog know that [...]
How Much Does the Senate Health Bill Cost?
Posted in Budget, Health, tagged Budget, CBO, Health on March 11, 2010 | 16 Comments »
Earlier today the Congressional Budget Office released an updated analysis of the Senate health bill. The update reflects all the amendments that were adopted during Senate consideration of the bill, some technical adjustments, and the assumption that the bill would be enacted in the spring of 2010 (rather than December 2009, as previously assumed). The [...]
Good Charts from the ERP
Posted in Economy, Finance, Health, Macroeconomics, tagged Finance, Health, Housing on February 15, 2010 | 7 Comments »
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 [...]
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 [...]
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