What do you think of the new numbers coming out of Washington? Do they affect your opinion on the healthcare bill—and the likelihood of its passage?
Let’s start with the overall price tag of $940 billion. Our pragmatic president came up with a compromise healthcare bill—a cross between the Senate and House versions. The compromise bill will cost about $940 over ten years, according to estimates released yesterday by the Congressional Budget Office. That’s $65 billion more than the Senate bill.
The compromise bill costs more, but it has bigger impacts on deficit reduction. It reduces the deficit in the next ten years by $138 billion—that’s $20 billion bigger reduction than the Senate bill. In the decade after that, the deficit will be cut by an additional $1 trillion.
There are many tweaks to the compromise plan. (For details, here’s a link to CNN’s report.)
But there are only two big advantages:
First, over 95% percent of Americans will have heath insurance under the compromise plan. (Scroll down to see this week’s post on the whopping numbers of Americans who would not be covered if nothing is done.)
Second, the compromise bill has a better chance of passing the House than the Senate version of the bill. The reason is that several changes appease concerns of Democrats the opposed the Senate bill.
If it does pass the House, it would have to go to the Senate but all indications are that it would pass there. Then, it’s straight to Obama’s desk.
Republicans remain adamantly opposed to any Democratic version of healthcare reform, claiming that all versions amount to a government takeover of healthcare.
What do you think of Obama’s compromise plan, his strategy of compromise—and these huge new numbers they’re tossing around in Washington?