View Full Version : Deficit Reduction, Public Option Style!

uncle ebeneezer
07-23-2010, 07:10 PM
Latest CBO report (http://cboblog.cbo.gov/?p=1183).

Admittedly the estimates are subject to high uncertainty, but wouldn't even the possibility of:

CBO and the staff of the Joint Committee on Taxation (JCT) estimate that the proposal would reduce federal budget deficits through 2019 by about $53 billion. That estimate includes a $37 billion reduction in exchange subsidies and a $27 billion increase in tax revenues that would result because a greater share of employees’ compensation would take the form of taxable wages and salaries (rather than nontaxable health benefits). Those changes would be partly offset by an $11 billion increase in costs for providing tax credits to small employers. (The proposal would have minimal effects on other outlays and revenues related to the insurance coverage provisions of PPACA.)

Be something worth trying?

07-23-2010, 07:24 PM
I think there lots of reasons that conservatives should find a public option troubling, but as Reihan Salam has pointed out many times, no matter what your ideological perspective a health care bill with a public option would be preferable to the whorehouse of an insurance love letter we ended up with.