Health Care Reform UPDATE 6 (CBO Assessment of Republican Alternative Bill)
The Republicans in congress offered an alternative bill to reform health care in America. The CBO has made a preliminary assessment of the bill on its costs and viability.
Here is the outline of the CBO’s assessment of the Republicans’ alternative bill:
- reduce federal deficits by $68 billion over the 2010-2019 period
- increase rates of insurance coverage by reducing its costs (premium)
- Limits on costs related to medical malpractice (“tort reform”)
- An increase in funding for HHS investigations into fraud and abuses
- Changes to health savings accounts (HSAs) to allow funds in such accounts to be used to pay premiums
- Make health insurance portable
- Allow Americans to buy health insurance across state lines
- premiums per enrollee in the United States, relative to what they would be under current law-by 7 percent to 10 percent in the small group market, by 5 percent to 8 percent for individually purchased insurance, and by zero to 3 percent in the large group market.
Read full text of CBO Director’s blog: http://cboblog.cbo.gov/?p=414