July 25, 2009

NOT MUCH OF A BONE THEY THREW THE BLUE DOGS:

CBO deals new blow to health plan (CHRIS FRATES, 7/25/09, Politico)

[O]n Saturday, the Congressional Budget Office said the proposal to give an independent panel the power to keep Medicare spending in check would only save about $2 billion over 10 years- a drop in the bucket compared to the bill's $1 trillion price tag.

"In CBO's judgment, the probability is high that no savings would be realized ... but there is also a chance that substantial savings might be realized. Looking beyond the 10-year budget window, CBO expects that this proposal would generate larger but still modest savings on the same probabilistic basis," CBO Director Douglas Elmendorf wrote in a letter to House Majority Leader Steny Hoyer on Saturday.

Posted by Orrin Judd at July 25, 2009 4:40 PM
blog comments powered by Disqus
« THE DEMONIZATION OF WORK: | Main | IT'S NOT LIKE ANYONE WOULD BELIEVE THE ADMINISTRATION IS BACKING OFF APPEASEMENT: »