Navigation Links
New Concord Coalition Paper Discusses 'End Game' Fiscal Considerations for Health Care Reform
Date:12/23/2009

WASHINGTON, Dec. 23 /PRNewswire-USNewswire/ -- With the House having passed its version of health care reform (H.R. 3962) and the Senate on the verge of passing its version (H.R. 3590), the outline of a final bill is beginning to take shape. In its new Issue Brief, The Concord Coalition looks ahead at the fiscal considerations that will likely be the subject of conference committee discussions and "end game" negotiations. These include the cost of expanding coverage, the methods used to prevent that cost from adding to the deficit, and the prospects for systemic reforms to reduce cost growth over time.

This issue brief gives The Concord Coalition's perspective on how the bills measure up, what the risks are and how these risks could be lessened. We conclude that:

  • Both bills establish an important benchmark by achieving deficit reduction according to official cost estimates by the Congressional Budget Office (CBO). However, the fiscal outlook remains on an unsustainable track even with the modest deficit reduction achieved under either plan.
  • There are clear risks that some of the methods used to achieve deficit reduction in the official scores may not hold up over the long-term.
  • The revenue package in the Senate bill holds more promise to reduce the deficit than the House version because its largest component -- the high-cost insurance excise tax -- will better keep up with the growth rate of health care spending, and will also work to lower health care costs.
  • Both bills contain many promising reform strategies to achieve long-term cost control. However, these strategies remain unproven and cannot be counted on to produce timely, reliable savings without a strong cost control mechanism such as the Senate's proposed Independent Payment Advisory Board (IPAB).

The "Fiscal Risks" mentioned in the discussion include:

  • Doing Nothing
  • Spending offsets that are not maintained over time
  • "Curve benders" that don't pan out or are not adopted more broadly
  • Failure to include an effective cost control mechanism
  • Lagging revenue increases
  • General revenue bailout of the CLASS provision
  • Inadequate premium subsidies, weak penalties, and a poorly designed exchange

In the conclusion, Concord discuss the possible changes that could be added to the legislation to lessen these risks and further promote fiscal responsibility.

To read the full issue brief, go to: http://www.concordcoalition.org/issue-briefs/2009/1223/health-care-reform-end-game-fiscal-considerations

The Concord Coalition is a nonpartisan, grassroots organization dedicated to balanced federal budgets and generationally responsible fiscal policy. Former U.S. Senators Warren B. Rudman (R-NH) and Bob Kerrey (D-NE) serve as Concord's co-chairs and former Secretary of Commerce Peter G. Peterson serves as president.

SOURCE The Concord Coalition


'/>"/>
SOURCE The Concord Coalition
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Concord Medical Services Holdings Limited Announces Pricing of Initial Public Offering on the New York Stock Exchange
2. Concord Grape Juice Shown to Help Keep Hearts and Minds Healthy
3. The Concord Grape Commands Attention at Major Scientific Conference
4. Concord Coalition Report Shows Eagerness for Reform, Readiness to Make Tough Choices on Fiscal Priorities
5. United Concordia Dental Redesigns Web Site To Provide Improved Access To Information
6. Concord Coalition Leaders Send Letter to Senator Reid on Healthcare Reform Bill
7. Concord Coalition Warns That New Entitlement Is Not a Valid Health Care Reform Offset
8. United Concordia Dental Expands Benefit Options
9. Two Texas Dental Students Receive One-time Scholarships from United Concordia Dental
10. Concord Coalition Releases Issue Brief on Administrations IMAC Proposal
11. Concord Coalition Warns That Health Care Reform Efforts Must Improve Nations Financial Outlook
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... , ... February 12, 2016 , ... According to an ... are beginning to account for a significant portion of hernia repairs throughout the United ... the Beverly Hills Hernia Center notes that this trend has not only been expected, ...
(Date:2/12/2016)... ... ... Enforcement Trends: , Back to the Future , Feb. 25, 2016 — 11:00 a.m. – ... who don’t learn from history are doomed to repeat it.” , An analysis of CDRH’s ... But that takes time. , Take a close look at the warning letters the ...
(Date:2/12/2016)... , ... February 12, 2016 , ... ... announced that nominations have closed for the ISE Southeast Awards 2016. Finalists and ... announced at the ISE® Southeast Executive Forum and Awards Gala on March 15, ...
(Date:2/12/2016)... , ... February 12, 2016 , ... AssureVest Insurance Group, ... is initiating a charity drive that will raise funds earmarked to purchase computers and ... Tayloe Elementary School. , “My school is in a low-income area and has more ...
(Date:2/12/2016)... ... 2016 , ... Donor Network West, the organ procurement organization that heals lives ... San Ramon Regional Medical Center. Under the collaboration, the first of its kind, specific ... a more certain time frame for donor families for the recovery of organs. ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... On Thursday, Feb. 11, 2016, surgeons at ... North Austin Medical Center successfully completed the first robotic ... Surgical System with Trumpf Medical,s advanced operating table, ... , M.D., colorectal surgeon at the Texas Institute for ... Motion technology, which seamlessly combines the da Vinci Xi ...
(Date:2/12/2016)... , 12 februari 2016 AAIPharma ... toonaangevende leverancier van productie en ontwikkeling op ... kondigt vandaag een uitbreiding aan van steriele ... locatie in Charleston, SC ... tot meerdere recente investeringen. http://photos.prnewswire.com/prnh/20150806/256637LOGO ...
(Date:2/11/2016)... , Feb. 11, 2016 The primary goal ... future adoption patterns on the usage of liquid biopsy. ... following: - Timeframe of liquid biopsy adoption ... cfDNA and Evs—by organization type - Sample inflow to ... blood, saliva, stool, serum, and so on. - Correlation ...
Breaking Medicine Technology: