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In health debate, those numbers are just numbers

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-18-09 11:20 PM
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In health debate, those numbers are just numbers
The CBO's price tags are educated guesses, but guesses nonetheless
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/18/AR2009101802541.html?hpid=topnews

Phil Ellis may be the most powerful guy you've never heard of in the health-care debate. A senior analyst with the Congressional Budget Office, Ellis is the man who has to decide what it would cost to rebuild the health insurance system. He has essentially condemned two legislative proposals by slapping them with trillion-dollar price tags. A third plan rocketed to prominence after he said it would cost much less.

In the coming weeks, Ellis's judgments will shape the fate of President Obama's reform effort. But Ellis, an amiable father of three who hasn't had a day off in about six months, is the first to admit that his painstaking numbers are almost certainly wrong.

"We're always putting out these estimates: This is going to cost $1.042 trillion exactly," he said. "But you sort of want to add, you know, 'Your mileage may vary.' "

As Democrats embark on a plan to reorder one-sixth of the U.S. economy, the CBO is the umpire, charged by Congress with assessing the effect on the federal budget and the potentially profound impact on American lives. The Senate majority leader has vowed to hold no vote on a health plan until the CBO passes judgment. But the agency, while almost universally praised for honest and impartial analyses, does not have a crystal ball.

"Everyone in the process -- especially the CBO -- knows that it is very, very difficult to make these estimates and that they're no more than very educated guesses," said Alice Rivlin, who served as the CBO's founding director in 1975. "But if you didn't have this process, we know that the consequence is that everyone would want to spend money and not pay for it."
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