CBO Analysis of Cost and Coverage of Proposed Health Reform Option

The CBO estimates a net increase in the deficit of 1.0 trillion with a net increase in coverage of 16 million leaving approximately 39 million still uninsured under the Affordable Health Choices Act.

 Document Excerpt

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have completed a preliminary analysis of the major provisions related to health insurance coverage that are contained in title I of draft legislation called the Affordable Health Choices Act, which was released by the Senate Committee on Health, Education, Labor, and Pensions (HELP) on June 9, 2009. Among other things, that draft legislation would establish insurance exchanges (called “gateways”) through which individuals and families could purchase coverage and would provide federal subsidies to substantially reduce the cost of that coverage for some enrollees.

The attached table summarizes our preliminary assessment of the proposal’s budgetary effects and its likely impact on insurance coverage.

 

Link http://www.cbo.gov/ftpdocs/103xx/doc10310/06-15-HealthChoicesAct.pdf

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