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Memo to Deficit Hawks: Public Plan Option Indisputably Saves Money
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| Contributor | Craverguy |
| Last Edited | Craverguy Jul 03, 2009 03:19pm |
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| Category | Opinion |
| Author | Bill Scher |
| News Date | Thursday, July 2, 2009 04:10:00 PM UTC0:0 |
| Description | When the CBO scored an early draft of the health care form bill from the Senate HELP committee as costing $1 trillion over 10 years but only covering one-third of the uninsured, obstructionists pounced and proclaimed the public plan option dead.
But the CBO had not assessed the cost of the public plan option, nor a mandate on most employers to either provide insurance or contribute to the public plan.
Now they have. And as serious reform advocates long claimed, including those two key provisions drops the 10-year cost of reform by nearly $400 billion, while achieving near universal coverage.
Will the self-proclaimed deficit hawks now embrace the public plan option since it would save money? Or will they come up with fresh excuses, such as fear-mongering that the public plan would decimate the private insurance industry?
Let's add one more piece of information to the mix: the underreported report from the Urban Institute, "Is the Public Plan Option a Necessary Part of Health Reform?"
What did the Urban Institute find? |
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