Thursday, July 16, 2009

Warnings About Health Plan

From the Washington Post:

Instead of saving the federal government from fiscal catastrophe, the health reform measures being drafted by congressional Democrats would increase rather than reduce public spending on health care, potentially worsening an already bleak budget outlook, the director of the nonpartisan Congressional Budget Office said this morning.

Under questioning by members of the Senate Budget Committee, CBO director Douglas Elmendorf said bills crafted by House leaders and the Senate health committee do not propose "the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount."

- Washington Post: CBO Chief: Health Reform Measures Would Weaken Economy
- CQ: CBO Chief: Health Bills To Increase Federal Costs