LLStarks
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Tue Mar-23-10 11:33 AM
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How would a public option affect the current CBO scoring in terms of deficits and spending? |
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Infographics or simple answers are welcome.
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Ozymanithrax
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Tue Mar-23-10 11:40 AM
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1. A public option is paid for out of taxes. If there is no new revenue to pay for it... |
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It would increase the deficit by the cost of the program.
Medicare covers about 48 million American and costs about 480 billion. So, a public option that works like Medicare, with similar efficiencies would probably cost another 480 billion. Unless taxes are raised by 480 billion, or spending is reduced somewhere else by that amount, then they would score it as raising the deficit 480 billion a year.
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berni_mccoy
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Tue Mar-23-10 11:42 AM
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2. That's not accurate. The PO would be run as a government run Insurance plan |
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people would pay premiums (excepting subsidies, which the current bill already has in it).
The House PO was scored by the CBO. It was slightly more expensive than the current bill, but still reduced the deficit in 10 years and moving forward.
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Ozymanithrax
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Tue Mar-23-10 11:51 AM
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4. Thank you. I appreciate the facts. The revenue for the PO is in a "premium payment." rather than |
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an entitlement paid for by tax revenue.
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berni_mccoy
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Tue Mar-23-10 11:42 AM
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3. The House PO was scored by the CBO. It was slightly more expensive than the current bill |
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And it reduced the deficit a little less, but it still did reduce the deficit.
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DU
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Tue Apr 23rd 2024, 12:12 PM
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