From the New York Times:
The Congressional Budget Office said Monday that the Senate health bill could significantly reduce costs for many people who buy health insurance on their own, and that it would not substantially change premiums for the vast numbers of Americans who receive coverage from large employers.The eagerly awaited report, which came as the Senate began debate on the legislation, provided Democrats with ammunition against Republicans who have criticized the bill on the ground that it would raise costs for a majority of Americans.Centrist Democrats like Senator Evan Bayh of Indiana, whose votes are vital to President Obama’s hopes of getting the bill approved, had feared that the measure would drive up costs for people with employer-sponsored coverage. After reading the budget office report, Mr. Bayh said he was reassured on that point…For most people who get health insurance through employers — five-sixths of the total market — the budget office concluded that there would be little change in their premiums relative to the amounts projected under current law.Administration officials said the report provided a lift to the bill, which embodies Mr. Obama’s top domestic priority.“The C.B.O. has rendered a fundamental judgment that this will reduce the deficit and reduce people’s premium costs,” said Rahm Emanuel, the White House chief of staff, who huddled with Senate Democratic leaders on Capitol Hill on Monday. “All the Republican leadership will guarantee you is the status quo…”
The Congressional Budget Office said Monday that the Senate health bill could significantly reduce costs for many people who buy health insurance on their own, and that it would not substantially change premiums for the vast numbers of Americans who receive coverage from large employers.
The eagerly awaited report, which came as the Senate began debate on the legislation, provided Democrats with ammunition against Republicans who have criticized the bill on the ground that it would raise costs for a majority of Americans.
Centrist Democrats like Senator Evan Bayh of Indiana, whose votes are vital to President Obama’s hopes of getting the bill approved, had feared that the measure would drive up costs for people with employer-sponsored coverage. After reading the budget office report, Mr. Bayh said he was reassured on that point…
For most people who get health insurance through employers — five-sixths of the total market — the budget office concluded that there would be little change in their premiums relative to the amounts projected under current law.
Administration officials said the report provided a lift to the bill, which embodies Mr. Obama’s top domestic priority.
“The C.B.O. has rendered a fundamental judgment that this will reduce the deficit and reduce people’s premium costs,” said Rahm Emanuel, the White House chief of staff, who huddled with Senate Democratic leaders on Capitol Hill on Monday. “All the Republican leadership will guarantee you is the status quo…”
From the Wall Street Journal:
The Congressional Budget Office late Monday said it estimates that the federal stimulus package sustained between 600,000 and 1.6 million jobs in the third quarter, and raised gross domestic product by 1.2 to 3.2 percentage points higher than it would have been without the program.The CBO said the figures were estimates made "using evidence about how previous similar policies have affected the economy and various mathematical models that represent the workings of the economy."CBO Director Douglas Elmendorf, in a blog post, said stimulus recipients have reported that about 640,000 jobs "were created or retained" with stimulus funding through Sept. 30. "However, such reports do not provide a comprehensive estimate of the law's impact on employment in the United States. That impact may be higher or lower than the reported number for several reasons (in addition to any issues about the quality of the data in the reports)," Mr. Elmendorf wrote. The CBO is required to comment on the figures released by stimulus recipients…
The Congressional Budget Office late Monday said it estimates that the federal stimulus package sustained between 600,000 and 1.6 million jobs in the third quarter, and raised gross domestic product by 1.2 to 3.2 percentage points higher than it would have been without the program.
The CBO said the figures were estimates made "using evidence about how previous similar policies have affected the economy and various mathematical models that represent the workings of the economy."
CBO Director Douglas Elmendorf, in a blog post, said stimulus recipients have reported that about 640,000 jobs "were created or retained" with stimulus funding through Sept. 30. "However, such reports do not provide a comprehensive estimate of the law's impact on employment in the United States. That impact may be higher or lower than the reported number for several reasons (in addition to any issues about the quality of the data in the reports)," Mr. Elmendorf wrote. The CBO is required to comment on the figures released by stimulus recipients…
From the Los Angeles Times:
After almost a year of maneuvering over policies and politics, the Senate on Monday officially began debate on the landmark legislation to overhaul the nation's healthcare system, but it remained uncertain how long the deliberations would last or how much the bill would change before it comes to a vote…"While each of us may not say 'yes' to each word in this bill as it currently reads, let us at least admit that simply saying 'no' is not enough," said Reid, opening debate on legislation that marks the most ambitious effort in decades to provide near-universal health insurance coverage, slap new regulations on insurance companies and curb the skyrocketing costs of healthcare…The CBO, which is the arm of Congress that analyzes federal budget and spending proposals, found that under the Senate bill, premiums for most people -- those in group plans provided by their employers -- would remain unchanged or even drop.The CBO report was produced at the request of Sen. Evan Bayh (D-Ind.) and other wavering centrist Democrats whose support for the bill is crucial to passage…
After almost a year of maneuvering over policies and politics, the Senate on Monday officially began debate on the landmark legislation to overhaul the nation's healthcare system, but it remained uncertain how long the deliberations would last or how much the bill would change before it comes to a vote…
"While each of us may not say 'yes' to each word in this bill as it currently reads, let us at least admit that simply saying 'no' is not enough," said Reid, opening debate on legislation that marks the most ambitious effort in decades to provide near-universal health insurance coverage, slap new regulations on insurance companies and curb the skyrocketing costs of healthcare…
The CBO, which is the arm of Congress that analyzes federal budget and spending proposals, found that under the Senate bill, premiums for most people -- those in group plans provided by their employers -- would remain unchanged or even drop.
The CBO report was produced at the request of Sen. Evan Bayh (D-Ind.) and other wavering centrist Democrats whose support for the bill is crucial to passage…
