CBO Preliminary Analysis of Chairman’s Mark of America’s Healthy Future

The CBO has released its preliminary analysis of the Chairman’s Mark of America’s Healthy Future Act of 2009.

Document Excerpt

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have completed a preliminary analysis of specifications for the Chairman’s mark for proposed health care legislation that were provided by the staff of the Senate Finance Committee. (CBO has not completed a review of the document entitled “Chairman’s Mark, America’s Healthy Future Act,” which was released by the Committee earlier today.) Among other things, the Chairman’s proposal would establish a mandate for most legal residents of the United States to obtain health insurance; set up insurance “exchanges” through which certain individuals and families could receive federal subsidies to substantially reduce the cost of purchasing that coverage; significantly expand eligibility for Medicaid; substantially reduce the growth of Medicare’s payment rates for most services (relative to the growth rates projected under current law); impose an excise tax on insurance plans with relatively high premiums; and make various other changes to the Medicaid and Medicare programs and the federal tax code.

 

Link http://www.cbo.gov/ftpdocs/105xx/doc10572/09-16-Proposal_SFC_Chairman.pdf

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