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"In CBO's judgment, the probability is high that no savings would be realized ... but there is also a chance that substantial savings might be realized. Looking beyond the 10-year budget window, CBO expects that this proposal would generate larger but still modest savings on the same probabilistic basis," CBO Director Douglas Elmendorf wrote in a letter to House Majority Leader Steny Hoyer on Saturday.
"The point of the proposal, however, was never to generate savings over the next decade. ... Instead, the goal is to provide a mechanism for improving quality of care for beneficiaries and reducing costs over the long term," Orszag wrote. "In other words, in the terminology of our belt-and-suspenders approach to a fiscally responsible health reform, the IMAC is a game changer not a scoreable offset."
the Congressional Budget Office said the proposal to give an independent panel the power to keep Medicare spending in check would only save about $2 billion over 10 years- a drop in the bucket compared to the bill's $1 trillion price tag.
Read more: www.politico.com...
Democrats also voted down an amendment from Rep. Dean Heller (R-Nv.) that would require all Members of Congress to get insurance through the government-run plan. Apparently Democrat members of Congress do not like the government plan they’re trying to inflict on the rest of us. In a straight party line vote, Democrats voted against exempting themselves from the government-run plan by a vote of 21-18.
“We also had an amendment to require that members of Congress must participate in the government-run plan,” Camp said. “If it’s such a great idea, it should be a great idea for members of Congress. The majority voted to prevent that from happening. They voted to exempt members of Congress from the government-run plan.”
Also voted down were amendments that would require proof of citizenship or legal status to sign up for the government plan, that would bar government funding abortion as a plan “benefit,” and an amendment that would bar rationing of health care based on comparative effectiveness data.
Even though the idea is about providing affordable care for all US citizens this news is welcome ot the republicans and other groups who oppose a 'public option'.