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  • Kennedy-Dodd 2.0 and the CBO

    Three weeks ago, the Congressional Budget Office (CBO) released a preliminary score of the Kennedy-Dodd health reform bill. CBO estimated that Title I of the draft legislation alone would have added $1 trillion to the federal deficit while only extending coverage to 16 million of the uninsured. The score sent the Senate Health, Education, Labor and Pensions (HELP) committee back to the drawing board.

    Although Democrats on the HELP committee pledged to be bipartisan and transparent as they reworked the bill, those promises were broken late last week. While the Senate was out of town and most Americans were preparing for the 4th of July holiday, Democrats on the HELP committee decided to release the second piece of their plan in the wee hours of the night, along with an updated CBO score of the bill.

    Now the CBO estimates that Title I of Kennedy-Dodd 2.0 would increase the federal deficit by $597 billion and would cover less than 40 percent of the uninsured. The bill would use $88 billion raised from imposing new taxes on individuals and employers to partially pay for the $723 billion in subsidies delivered through exchanges or gateways.

    Like the previous CBO score, the updated score still does not include the effects of the proposed Medicaid expansion up to 150 percent of the federal poverty level (FPL). The CBO estimates that nearly three quarters of the remaining uninsured are below 150 FPL. Perhaps that’s why independent estimates have pegged the cost of similar Medicaid expansions as high as $900 billion.

    In a dear-colleague letter, Senators Kennedy and Dodd inaccurately claim that their bill covers 97 percent of Americans at a cost of $597 billion. The bill might cost $597 billion, but then it certainly would not cover that many Americans. Including the proposed Medicaid expansion might improve the coverage impacts, but it could easily increase the cost of the bill to as high as $1.5 trillion. And even then, it’s not yet clear exactly just how many uninsured Americans would–at the end of the day– actually obtain coverage under the plan or what the final cost would be to American taxpayers.

    Posted in Obamacare [slideshow_deploy]

    18 Responses to Kennedy-Dodd 2.0 and the CBO

    1. jacksmith says:

      AMERICA’S NATIONAL HEALTHCARE EMERGENCY!

      It’s official. America and the World are now in a GLOBAL PANDEMIC. A World EPIDEMIC with potential catastrophic consequences for ALL of the American people. The first PANDEMIC in 41 years. And WE THE PEOPLE OF THE UNITED STATES will have to face this PANDEMIC with the 37th worst quality of healthcare in the developed World.

      STAND READY AMERICA TO SEIZE CONTROL OF YOUR NATIONAL HEALTHCARE SYSTEM.

      We spend over twice as much of our GDP on healthcare as any other country in the World. And Individual American spend about ten times as much out of pocket on healthcare as any other people in the World. All because of GREED! And the PRIVATE FOR PROFIT healthcare system in America.

      And while all this is going on, some members of congress seem mostly concern about how to protect the corporate PROFITS! of our GREED DRIVEN, PRIVATE FOR PROFIT NATIONAL DISGRACE. A PRIVATE FOR PROFIT DISGRACE that is in fact, totally valueless to the public health. And a detriment to national security, public safety, and the public health.

      Progressive democrats the Tri-Caucus and others should stand firm in their demand for a robust public option for all Americans, with all of the minimum requirements progressive democrats demanded. If congress can not pass a robust public option with at least 51 votes and all robust minimum requirements, congress should immediately move to scrap healthcare reform and request that President Obama declare a state of NATIONAL HEALTHCARE EMERGENCY! Seizing and replacing all PRIVATE FOR PROFIT health insurance plans with the immediate implementation of National Healthcare for all Americans under the provisions of HR676 (A Single-payer National Healthcare Plan For All).

      Coverage can begin immediately through our current medicare system. With immediate expansion through recruitment of displaced workers from the canceled private sector insurance industry. Funding can also begin immediately by substitution of payroll deductions for private insurance plans with payroll deductions for the national healthcare plan. This is what the vast majority of the American people want. And this is what all objective experts unanimously agree would be the best, and most cost effective for the American people and our economy.

      In Mexico on average people who received medical care for A-H1N1 (Swine Flu) with in 3 days survived. People who did not receive medical care until 7 days or more died. This has been the same results in the US. But 50 million Americans don’t even have any healthcare coverage. And at least 200 million of you with insurance could not get in to see your private insurance plans doctors in 2 or 3 days, even if your life depended on it. WHICH IT DOES!

      If President Obama has to declare a NATIONAL STATE OF EMERGENCY to rescue the American people from our healthcare crisis, he will need all the sustained support you can give him. STICK WITH HIM! He’s doing a brilliant job.

      THIS IS THE BIG ONE!

      THE BATTLE OF GOOD Vs EVIL!

      Join the fight.

      Contact congress and your representatives NOW! AND SPREAD THE WORD!

      God Bless You

      Jacksmith – WORKING CLASS

    2. Pingback: » Financial News Update - 07/07/09 NoisyRoom.net: “Extremism in the defense of liberty is no vice. Moderation in the face of tyranny is no virtue.” Barry Goldwater

    3. Jim, IL says:

      go to a clinic, pay $10, get a flu shot–you don't need government for that.

    4. rich weirton, wv says:

      How convienient! A global "pandemic" (crisis, crisis,crisis)

      Millions of people get the flu every year, and hundreds die. Why is this year any different?

      Think crisis! Think socialised medicine!

      Think how many more will die each year under goverment run "health care" where you will be dead and buried long before your scheduled appointment finally gets here.

      Folks, you will no longer be able to get on the phone, call your doctor, and make an appointment for tomorrow or the next day!

      Call sociallized medicine for an appointment and they will probably be able to get you in 3 or 4 months from now. (hopefully)

      Why anyone would want government run health care is a mystery to me. Can ANYONE come up with a sucessfully run program ran by the government….

    5. RG St Simons Is says:

      Kennedy-Dodd!! That pretty much says it all!!

    6. Tabatha, Naples, FL. says:

      Yea, stick with him, "long and hard is the way to hell/Socialism". There is no successful form of government run healthcare. If you think Medicaid is great, quit your job and get free govt healthcare now, but leave my choice of healthcare alone! As a former healthcare auditor, I can tell you, the government DOES deny services and there is FRAUD and WASTE in the Medicaid program. Our government has no business being in the healthcare business!!

    7. Monte, Arizona says:

      The above diatribe by an obvious socialist "worker" is what must raise this Country's and the world's most fervent concerns. It is not that socialized medicine has become unsustainable throughout the world, with tragic "unforseen" consequences. It is that the above person, as part of "We the People," expects that if the socialist movement doesn't get what they want through legitimate means, the adored frontperson for that movement need only manufacture a "crisis" and, with the stroke of a pen, abolish the "ineffective" means and make "law" whatever focus of "change" suits the socialists at the moment. Fortunately, I don't think our chief executive has stooped that low . . . yet.

    8. Monte, Arizona says:

      I failed to mention that I seriously doubt that jacksmith, his socialist cohorts, or even any of our "elected" representatives have actually read all the "way of life" changing provisions of HR676. It might scare him AND them into rationality. Who knows?

    9. Ron Thompson says:

      Everything that has happened is the direct result of a setup job by the democrats! They start a phoney global crisis, the other liberal countries fall in line and bingo the majic, wonderful health reform bill comes out to meet the needs of the media mind-numbed, afraid of their shadow and believers of if the government say it true it must be people demand to be helped. So,basically, less than 10% of the people are driving the other 90% into proverty. The 90% stays quiet, so the dems press on destroying the country! don't just write here, call your senator, congressman and lobbies to get this disaster stopped.

    10. Howard Rampy says:

      While we all agree the healthcare issue is a tiger, but the govt run proposed program is a disgrace for anyone. Obama and the Demo-gogs running our Country need to be taken to the barn for a while. In fact, just leave them in the barn and bring in some folks with integrity, and let the barn bunch out to pasture. It is better than the other option…

    11. Dale Wankel -Woodsto says:

      Leave my healthcare alone. I am happy just the way it is. Any plan Kennedy-Dodd come up with will be a total disaster for the American taxpayer. Medicare is bankrupt due to the government mis-management and rampant fraud.

    12. Russ, Detroit says:

      Not only was this nation founded by individuals fleeing the Church of England, but the vast majority of them by the time of the writing of the founding documents had become property owners and businessmen. OF COURSE our economy is driven by greed! The capitalist system has provided the highest standard of living in the world for the greatest amount of people. I am unemployed, being knocked out of the auto-industry. I pay Cobra for my family's healthcare. I do not want to trade it for something the government will run and that not very well. Let's look for a greed-driven free market solution. Besides, it's only a crisis because Obama said it's a crisis. Wake up people!!

    13. Pingback: Kennedy-Dodd 2.0 and the CBO « Conservative Thoughts and Profundity

    14. Mark, Charlottesvill says:

      The numbers we are discussing here are so absurdly large. Could anyone remind me about how to enter scientific notation into my calculator? How many zeros are in a trillion anyway? How many Americans can answer those questions correctly without hesitation? Thought so. Grasp the facts or cling to hope. Your choice.

    15. Jerry from Chicago says:

      To Jack Smith of the WORKING CLASS —

      Gee, Jack, it’s a good thing you aren’t given to over-reacting. Have you ever read about Chicken Little? It’s a good read and wouldn’t take too much time.

      Seems as though you have bought into the “greedy insurance companies” argument for the existence of the HEALTH CARE CRISIS. I have two words of advice for you and those who believe as you do. SELF INSURE.

    16. Robert Bundy Sr. says:

      Anyone in their right mind would say "STOP THIS INSANITY" and work on repairing the best health care in the world. The new administration of our government has done nothing but destroy housing, banking, auto industry, our value system, etc. and plan to do the same to the energyy policy,healthcare, immigration and who know what else. God help us if the democrats and republican continue to support Obamma's crazy ideas. I don't. I understand people who are over 65 years older are doomed. STOP!

    17. Marshall Hill MI. says:

      Where does Jack get his Facts? Did Kennedy go to the U.K. or Canada for his Cancer Treatments? NO!

      Jack needs to get out more!

      MORON!

    18. Pingback: Obamacare Health Care Reform Broken Campaign Promises on Deficit | Fix Health Care Policy

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