Navigation Links
New Concord Coalition Paper Discusses 'End Game' Fiscal Considerations for Health Care Reform

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:

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:
(Date:6/26/2016)... ... 26, 2016 , ... PawPaws brand pet supplements owned by Whole ... enhance the health of felines. The formula is all-natural and is made from Chinese ... PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract and ...
(Date:6/25/2016)... Miami, FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton ... Plant City Observer , brings up a new, often overlooked aspect of head lice: ... The closing for fumigation is not a common occurrence, but a necessary one in the ...
(Date:6/25/2016)... ... 2016 , ... On Friday, June 10, Van Mitchell, Secretary of the Maryland ... iHire in recognition of their exemplary accomplishments in worksite health promotion. , The Wellness ... & Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one of ...
(Date:6/24/2016)... CA (PRWEB) , ... June 24, 2016 , ... Marcy was in a crisis. Her ... would lash out at his family verbally and physically. , “When something upset him, he ... he would use it. He would throw rocks at my other children and say he ...
(Date:6/24/2016)... ... ... of Topricin and MyPainAway Pain Relief Products, join The ‘Business for a Fair Minimum Wage’ ... 2020 and then adjusting it yearly to increase at the same rate as the median ... floor does not erode again, and make future increases more predictable. , The company is ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... WAYNE, Pa. , June 23, 2016 ... provider, will launch its next generation clinical outcomes platform, Bracket ... DIA Meeting held on June 26 – 30, 2016 in ... 6.0, the first electronic Clinical Outcome Assessment product of its ... DIA Booth #715. Bracket eCOA 6.0 is a ...
(Date:6/23/2016)... Ill. and INDIANAPOLIS , ... students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship is ... 2016 scholarship winners, announced today online at ... let type 1 diabetes stand in the way of ... has supported the Foundation,s scholarship program since 2012, and ...
(Date:6/23/2016)... June 23, 2016 Revolutionary technology ... Oticon , industry leaders in advanced audiology and ... Oticon Opn ™, the world,s first internet connected ... for IoT devices.      (Photo: ... a number of ,world firsts,: , TwinLink™ ...
Breaking Medicine Technology: