CBO report states that the Kennedy plan would only insure 16 million more people

[Mass]

Remember that it is the most comprehensive of all the plans that are on the table, but it offers a waiver for hardship, and therefore accepts that those who will need this law the most may not be covered.

What is even more worrisome is that the plan which will be eventually accepted will probably cover less a lot less than that, because it is unlikely that they open a healthcare public option to all with subsidies under a reasonable level, if even if offers it, which I find more and more dubious when I see the efforts made to accommodate Conrad and other insurance supporters.

http://www.reuters.com/article/marketsNews/idUSN1520221620090615

Kennedy health plan estimated to cost $1 trillion
Mon Jun 15, 2009 5:29pm EDT



WASHINGTON, June 15 (Reuters) - U.S. Senator Edward Kennedy's plan to expand U.S. healthcare coverage would increase federal deficit by about $1 trillion over 10 years, the nonpartisan Congressional Budget Office estimated on Monday.

In a letter to Kennedy -- chairman of the Senate's Health, Education, Labor and Pensions Committee -- the CBO estimated that once the plan was fully implemented, about 39 million Americans would get coverage through new insurance exchanges.

At the same time, the CBO said in its preliminary analysis, the number of people who receive coverage through an employer would drop by about 15 million or 10 percent, and coverage from other sources would fall by about eight million. The CBO said "the net decrease in the number of uninsured people would be about 16 million."

There are now an estimated 46 million Americans without any health insurance.

Corrected- I misread the report.

[Vinca]

1. The report is worse than that - the net decrease is 16 million.

Apparently the CBO analyzed the bill before it was finished, but that won't stop the 'pukes from using it over and over and over and over.

[Mass]

2. Thanks. I misread that. I hope the report is wrong, but I dislike the waiver for hardship as

it means that people who cannot afford it would be authorized not to have it (like in Massachusetts), and that others would be forced into an undercoverage with high co-pays and deductible just because they cannot afford more.

[dipsydoodle]

3. That is the equivalent of

a quarter of the population of the UK.

I think you're all mad over there - present company on DU excepted.

edit - I had already noticed it was a net reduction of 16 million.

[Cleita]

4. So the private health sector seems to have won. We are still going to get nothing

and it's going to cost the taxpayers another trillion for it.

[sisters6]

5. I think you said it well.

[SpartanDem]

6. Don't believe the hype

For those who've been paying attention you'll remember that Kennedy bill wasn't complete when it was introduced


GOP Pushed For Incomplete Health Care Study, Then Politicized It: Hill Dems

On Monday afternoon, critics of a major health care overhaul seized on a report from the Congressional Budget Office showing that a Democratic reform bill could cost $1 trillion over ten years despite adding only 17 million Americans to the ranks of the insured. But the results are incomplete, and they know it
...
The CBO's findings, however, are for an incomplete piece of legislation, making the cost-per-coverage estimates much worse than they will ultimately be. Republicans on the committee knew this, according to Democrats. But they pushed for the bill to be studied by the CBO now. And when poor results came back, they ran with them.

http://www.huffingtonpost.com/2009/06/16/gop-pushed-for-incomplete_n_216206.html

[DrToast]

7. Yes...everyone read this. nt

[FrenchieCat]

8. Knee Jerks won't be reading.......

just going with the headlines......as is generally accepted from their ilks.

[SpartanDem]

10. yeah you're this probably needs it own post

[masuki bance]

9. I don't think what they pass will have those kind of deficits

PayGo, I think, will prevent that.