2010-01-29 05:57:14 UTC
From the article:
Although President Obama's primary health reform message in his State of the Union was "do not walk away from reform,” “finish the job” and “let’s get it done,” he also said, “But if anyone from either party has a better approach that will bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses, let me know.” At this invitation, congressional Republicans rose to their feet with John Boehner waving his hand, as Newsweek reports, “appearing to almost expect being called upon.”
So what are the Republican’s “better ideas”?
So what is the verdict on HR 4038? Would the Republican reforms “bring down premiums, bring down the deficit, cover the uninsured, strengthen Medicare for seniors, and stop insurance company abuses”? The CBO scored the Republican bill in a letter dated November 4, 2009, which addresses these questions.
The CBO found that the bill would result in 3 million Americans gaining health insurance by 2019, leaving 52 million Americans uninsured, 17 percent of the population excluding unauthorized immigrants. By contrast, the Senate bill would reduce the number of uninsured by 31 million, leaving only 6 percent uninsured. The Republican bill would, according to the CBO, reduce the deficit by $68 billion over the 2010 to 2019 period. The Senate bill would reduce the federal deficit by $132 billion.
The CBO projected that the Republican bill would, by 2016, decrease premiums in the small group market by 7 to 10 percent and by 5 to 8 percent in the individual market. But these reductions would largely be the result of a decay in health benefits--the plans would have lower "actuarial value," which means fewer benefits and higher cost-sharing. And the mix of the insured would change, too: The market might become more accessible to people with lower medical risks, but only because it was becoming less accessible for people with higher medical risks.
By contrast, the CBO examination of the Senate bill determined that it would actually raise actuarial values in the individual market--that is, it would lead to policies that offer more protection rather than less. And while that would ultimately increase the sticker cost of insurance, subsidies would more than offset the effect for the majority of people, effectively reducing what they pay in premiums.
Notwithstanding the GOP's boasts, the Republican bill would do nothing to strengthen Medicare--because it doesn't touch the program. Nor would it "stop insurance company abuses." If anything, it would have the opposite effect, by freeing insurers from state regulation.
Having read the bill, all one can say is, John Boehner, put that hand down.
In other words,......SIT DOWN, AND SHUT UP!
(Enough of the 'grandstanding')