Posted by
Defend America on Thursday, November 05, 2009 1:14:41 PM
CBO: Republican health plan would reduce premiums, cut deficit
By: Susan Ferrechio
Chief Congressional Correspondent
11/05/09 6:30 AM EST
The
Congressional Budget Office Wednesday night released its cost analysis
of the Republican health care plan and found that it would reduce
health care premiums and cut the deficit by $68 billion over ten years.
The Republican plan does not call for a government insurance plan but
rather attempts to reform the system by creating high-risk insurance
pools, allowing people to purchase health insurance policies across
state lines and instituting medical malpractice reforms.
"Not only does the GOP plan lower health care costs, but it also
increases access to quality care, including for those with pre-existing
conditions, at a price our country can afford," House Minority Leader
John Boehner, R-Ohio, said.
According to CBO, the GOP bill would indeed lower costs, particularly
for small businesses that have trouble finding affordable health care
policies for their employees. The report found rates would drop by
seven to 10 percent for this group, and by five to eight percent for
the individual market, where it can also be difficult to find
affordable policies.
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/CBO-Prepublican-health-plan-would-reduce-premiums--69270747.html
Here is the CBO's report:
http://cboblog.cbo.gov/?p=414