Thursday, November 5, 2009

A BILLION TIMES BETTER (and cheaper) GOP health-care reform cost: $61 billion, cut deficit $68 billion...

AS FOR THE DEMOCRATS PLAN...That's right, Democrat Representative John Yarmuth says that healthcare prices are going to go up, not down, like most of us thought they would. Further explains how government healthcare takeover has been misrepresented.

HOTAIR- CBO director Douglas Elmendorf scored the new proposal from House Republicans on health-care reform and gave them plenty of ammunition to use against expansive and expensive Democratic plans for government takeovers. Their plan, which relies on interstate competition, HSAs, and tort reform, would only cost $61 billion in the first ten years of the plan — or slightly less than 6% of what Democrats plan to spend to overhaul the entire system:

This evening, CBO released a preliminary analysis of a substitute amendment to H.R. 3962, the Affordable Health Care for America Act, proposed by Representative John Boehner, the Republican Leader in the House of Representatives. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that the amendment would reduce federal deficits by $68 billion over the 2010-2019 period; it would also slightly reduce federal budget deficits in the following decade, relative to those projected under current law, with a total effect during that decade that is in a broad range between zero and one-quarter percent of gross domestic product.

Unlike the Democratic proposals, the bill would actually reduce premiums: READ MORE...

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