The Congressional Budget Office has analyzed the Republican alternative health care reform bill -- and concludes the measure would cut the deficit but actually grow the number of uninsured Americans.
The full analysis is attached below.
CBO says the GOP provisions would cut the deficit by $68 billion over ten years, less than the Democratic bill, which cuts the deficit $104 billion over the same time frame. That's largely because the Democrats raise taxes and cut Medicare benefits while the GOP doesn't (although the GOP plan does include some small revenue growth of about $27 billion over ten years.)
The CBO also says the Republican plan would leave 52 million people uninsured in 2019, more than the 46 million uninsured today (the percentage of Americans without insurance, about 17 percent, would remain basically unchanged, CBO says.)
CBO earlier said the Democrats' bill would leave about 18 million uninsured.
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If only we could combine them
It should be acknowledged that the GOP goal in putting this together at all was cost savings, not increased coverage, which explains why it lowers cost but doesn't expand coverage. Conversely, per the CBO, the Dem bill would increase coverage but do almost nothing to lower costs. If there is a way to combine these bills, we may have a bipartisan winner.
My thoughts on compromise: create exchanges (Dem plan), make exchange plans available to the uninsured as well as those who don't like their employer-sponsored plan (Wyden), allow exchanges to offer both traditional plans (Dems) and the HSA-type of health plan described in the GOP bill (GOP), remove insurers' anti-trust exemption (Dems) and insitute a basic national insurance code to replace state codes (my idea) so that plans may be sold across state lines (GOP), add regulations preventing rescission (everyone), limit noneconomic damages recoverable in med mal lawsuits (GOP), don't require everyone to have health insurance (gotta happen or this may be unconstitutional), don't have community rating or guaranteed issue (because this is only feasible if you are required to have insurance), encourage state high-risk pools for those who can't get insurance at all (GOP), and susbidize those who can't afford the insurance they can find (Dems), particularly those who have to go to the high-risk pools because that insurance will be expensive. But make the subsidies somewhat sensitive to the price of insurance rather than giving everyone a set amount of money for buying insurance (because it encourages people to get the highest-cost insurance available that will still be within the subsidy).