Categorized | General Interest

CBO Shows Why We Need Single-Payer

I just finished reading the Congressional Budget Office’s report to Sen. Ted Kennedy which looked at the Affordable Health Choices Act. And the report makes clear why single-payer is the only logical economic choice for health care.

  Respectfully, none of the best Democratic bills are going to solve the coverage crisis nor the economic costs of our insane, profit-driven health care. Mr. President, we are not talking about "socialized medicine", as you defensively argued in your speech yesterday to the American Medical Association. We are talking about ECONOMIC sanity.

  Here are the key paragraphs in the CBO report, which says the numbers are preliminary:

According to the preliminary analysis, once the proposal was fully implemented, the number of people who are uninsured would decline to

about 36 million or 37 million, representing about 13 percent of the

nonelderly population.

  So, not only would we not achieve full coverage but:

On a preliminary basis, CBO and the JCT staff estimate that the major provisions in title I of the Affordable Health Choices Act affecting health insurance coverage would result in a net increase in federal deficits of about $1.0 trillion for fiscal years 2010 through 2019. That estimate primarily reflects the subsidies that would be provided to purchase coverage through the new insurance exchanges, which would amount to nearly $1.3 trillion in that period. The average subsidy per exchange enrollee (including those who would receive no subsidy) would rise from roughly $5,000 in 2015 to roughly $6,000 in 2019. The other element of the proposal that would increase the federal deficit is a credit for small employers who offer health insurance, which is estimated to cost $60 billion over 10 years.[emphasis added]

  So, let me get this straight. In order to appease the leeches from the insurance industry, we are willing to enact a plan that will leave millions of people uninsured? As opposed to having a real health care plan–single-payer–which would cover everyone and save money.

  Please tell me I’m missing something.

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