National Journal Blog – CBO’s Latest Score: An $81B Deficit Reduction

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Author: 

Henry Simmons, M.D.

October 8, 2009

Issue Areas: 

CostFinancing

The Congressional Budget Office and the staff of the Joint Committee on Taxation have issued a preliminary analysis of the Senate Finance Committee chairman’s mark for the America’s Healthy Future Act of 2009. They note it would reduce the federal budget deficits by $81 billion over the 2010-2019 period. What’s your take?

While the Senate Finance Committee has made progress, the Committee’s proposal in its present form fails to meet the challenges posed by the health system cost crisis facing both government and the private sector.

Individuals, families and businesses large and small, as well as the public sector, would continue to face skyrocketing yearly health care cost increases. Short-term and long-term cost containment measures must be added to assure the sustainability of a new health system law. In addition, the bill falls far short of providing quality, affordable coverage for all America. Absent full coverage, successful health system reform is unachievable.

We look forward to working further with Chairman Baucus and all Congressional Democrats and Republicans to achieve responsible system-wide, systemic health care reform in 2009. But this job is far from done.