Did you know there’s a sure-fire way to reduce the deficit? There really is, and it has nothing to do with the smoke and mirrors of Republican policy. It’s called the public option, the healthcare proposal that was negotiated away before negotiations over healthcare reform even began.
In an analysis of the public option proposal in 2011, the Congressional Budget Office found that the savings under the public option were sizable:
The original House bill required the public plan to pay providers 5 percent more than Medicare reimbursement rates. But as part of a package of concessions to Blue Dogs, the House Energy and Commerce Committee accepted an amendment that requires the HHS Secretary to negotiate rates with providers. That version of the plan will save only $25 billion.
In total, a public plan based on Medicare rates would save $110 billion over 10 years. That is $20 billion more than earlier estimates.
Well, it’s now being reintroduced as the Public Option Deficit Reduction Act, or HR 261, in the House by Rep. Jan Schakowsky (D-IL) and has been co-sponsored by 44 Democratic lawmakers. The bill doesn’t have a chance in hell of passing, but it does highlight the two-faced hypocrisy of the GOP who swear that reducing the debt and the deficit is their number one priority — you know, when they’re not going after the country’s collective uterus or trying to blow the economy to kingdom come.
But if you believe that particular line of crap, I’ve got a piece of swampland to sell you.
keyboard shortcuts: V vote up article J next comment K previous comment