Nancy Pelosi Promises Public Option on the Cheap
The House speaker is thrilled to hear from the Congressional Budget Office that all three versions of the public option under consideration in the lower chamber would be cheaper than expected and would actually reduce the deficit over 10 years.
The House speaker is thrilled to hear from the Congressional Budget Office that all three versions of the public option under consideration in the lower chamber would be cheaper than expected and would actually reduce the deficit over the next 10 years.
Pelosi, who is working to combine the three House health reform bills, says the news makes her life easier because it means “whatever choice we make will reduce the deficit and will pay for the bill.”
Bloomberg reports that the House is leaning toward a more robust public option that would peg costs to Medicare.
A new poll, meanwhile, shows that a growing majority of Americans favor the option. — PS
’TIS THE REASON…Reuters:
[Pelosi] asked CBO to provide estimates on three versions of the option — one based on reimbursement rates paid to healthcare providers under Medicare and two that would rely on reimbursement rates negotiated with the providers.
Pelosi said House leaders were still waiting on some information on one of the the options, but all three would be under $900 billion.
You know the story. Independent journalism is under threat and overshadowed by heavily funded mainstream media. During this holiday season, you can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearth what's really happening- without compromise. Give today to support our courageous, independent journalists.
As always, we wish you truth, reason and the best of the season!
The return of trillion-dollar annual deficits comes despite Donald Trump's vow when running for office that he would pay down the national debt.
Licensed by the new president, Americans now say and do things to people they disagree with that previously were unthinkable. Take Greg Gianforte as an example.
In the midst of a crucial political debate that plainly favored proponents of a higher minimum wage, the Congressional Budget Office dropped a bombshell headline last week.
By broadening access to health insurance, the Affordable Care Act ends the tyranny of "job lock," which is what the much-misrepresented Congressional Budget Office study of the law released on Tuesday shows.
The Congressional Budget Office offered more fodder Tuesday for opponents of Obamacare to hate on the Affordable Care Act -- should they choose to spin the facts and figures.
Treasury Secretary Jack Lew has written House Speaker John Boehner to warn that unless Congress raises the debt limit, the United States of America is going to start bouncing checks.
There are currently no responses to this article.
Be the first to respond.