Our smart elected officials at work, like several times before when those stimulus came into the national scene, the omnibus spending bill, "the going green law" the CBO comes up with the numbers but who gives a rat what these crazy penny pinching people have to say...
An excerpt from an article that I found:
House Democrats set to vote on health care bill
By ERICA WERNER, Associated Press Writer Erica Werner, Associated Press Writer – 29 mins ago
WASHINGTON – Health care legislation would raise costs, not lower them, Congress' top budget cruncher said Thursday, complicating President Barack Obama's push to overhaul the system.
Congressional Budget Office Director Douglas Elmendorf warned lawmakers based on calculations of the various bills in the House and Senate. Elmendorf was asked by Senate Budget Committee Chairman Kent Conrad, D-N.D., if the bills Congress is considering would "bend the cost curve." The budget director responded: "The curve is being raised."
Subsidies to help uninsured people would raise federal health care spending, which is already growing at an unsustainable rate, Elmendorf said at a hearing. The Medicare and Medicaid cuts that lawmakers have offered to pay for the coverage expansion aren't big enough to offset the cost trend, particularly in the long term, he said.
Congress is moving forward nonetheless.
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An excerpt from an article that I found:
House Democrats set to vote on health care bill
By ERICA WERNER, Associated Press Writer Erica Werner, Associated Press Writer – 29 mins ago
WASHINGTON – Health care legislation would raise costs, not lower them, Congress' top budget cruncher said Thursday, complicating President Barack Obama's push to overhaul the system.
Congressional Budget Office Director Douglas Elmendorf warned lawmakers based on calculations of the various bills in the House and Senate. Elmendorf was asked by Senate Budget Committee Chairman Kent Conrad, D-N.D., if the bills Congress is considering would "bend the cost curve." The budget director responded: "The curve is being raised."
Subsidies to help uninsured people would raise federal health care spending, which is already growing at an unsustainable rate, Elmendorf said at a hearing. The Medicare and Medicaid cuts that lawmakers have offered to pay for the coverage expansion aren't big enough to offset the cost trend, particularly in the long term, he said.
Congress is moving forward nonetheless.
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