CBO: House Bill Would Cover 97 Percent Of Americans And Cost $1 Trillion
OPS_admin | Jul 14, 2009 | Comments 0
OPS: What about the remaining 17 million?
CBO: House Bill Would Cover 97 Percent Of Americans And Cost $1 Trillion
The Congressional Budget Office estimated in a letter to Rep. Charles Rangel (D-N.Y.) on Tuesday that the House health care reform proposal would reduce the number of uninsured by 35 to 37 million people, relative to current projections. The non-elderly insured population would increase to 94 percent.
Excluding illegal immigrants, that brings the total covered under the plan to 97 percent of all Americans. Three million people, the CBO estimates, would switch from employer-based coverage to coverage from an insurance exchange. The exchange would be similar to the health insurance options available to members of Congress, with a required minimum amount of coverage.
Another three million wouldn’t have an offer of employer coverage to decline — a significant number, but far from the tens of millions losing insurance that the GOP has cited.
The CBO estimated the public plan offered by the bill would be roughly 10 percent less expensive than other plans in the insurance exchange and that 9 to 10 million people would enroll in it.
via CBO: House Bill Would Cover 97 Percent Of Americans And Cost $1 Trillion.
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Who will you vote for this year: Big Oil, Big Casinos, or Wall Street?
Billionaire hedge fund manager - and primary contributor to Rick Santorum's Red, White, and Blue SuperPAC - Foster Friess let the truth slip out about politics in this post-Citizens United age during an interview with Politico. Friess was among several billionaires who attended the Koch brothers secret meeting last month where over a hundred million dollars was pledged to beat President Obama.Trying to get other oligarchs on the side of Rick Santorum - Friess said, "There isn't a person at the Koch brothers events who would not get a good return on their investment by investing in [Santorum] as president, because of what they believe about the free enterprise system." The key word there: investment. These aren't campaign contributions - these are investments that millionaires and billionaires are making to keep their tax breaks, their subsidies, and their lax regulations in place.We no longer have actual people running for President - we have a few very, very rich people like Friess and the Kochs investing in stooges to do their bidding - and hoping to see major returns in their bank accounts. So who will you vote for this year? Big Oil, Big Casinos, or Wall Street?-Thom(Who will you vote for this year? Tell us here.) -
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