{"id":359420,"date":"2010-02-24T18:34:13","date_gmt":"2010-02-24T23:34:13","guid":{"rendered":"http:\/\/www.szone.us\/f95\/president-s-health-proposal-further-jacking-up-cost-care-39947\/"},"modified":"2010-02-24T18:34:13","modified_gmt":"2010-02-24T23:34:13","slug":"the-presidents-health-proposal-further-jacking-up-the-cost-of-care","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/359420","title":{"rendered":"The President?s Health Proposal:  Further Jacking Up the Cost of Care"},"content":{"rendered":"<div>On 02.24.10 02:30 PM posted by Kathryn Nix<\/p>\n<p>\n&lt;ahref=&quot;http:\/\/blog.heritage.org\/wp-content\/uploads\/money_stacks090211.jpg&quot;&gt;<img decoding=\"async\" src=\"http:\/\/blog.heritage.org\/wp-content\/uploads\/money_stacks090211.jpg\" border=\"0\" alt=\"\" \/>&lt;\/p&gt;In anticipation of the February 25th health care summit with members of Congress, the President released his &lt;ahref=&quot;http:\/\/www.whitehouse.gov\/health-care-meeting&quot;&gt;proposal for pricey, government-run health care.* The White House estimates the cost of the proposal to be $950 billion over a decade, decreasing the federal deficit.* However, health policy expert James Capretta, a former senior official of the Office of Management and Budget (OMB), *shows in &lt;ahref=&quot;http:\/\/www.heritage.org\/Research\/HealthCare\/wm2816.cfm&quot;&gt;a recent paper that this is not only inaccurate, but far from reality.* &lt;ahref=&quot;http:\/\/www.heritage.org\/Research\/HealthCare\/wm2816.cfm&quot;&gt;Capretta\u0092s research shows that ten full years of implementation of the President\u0092s proposal would cost closer to $2.5 trillion, with the strong likelihood of far exceeding this amount.* Here\u0092s how:<\/p>\n<ul>\n<li>The President\u0092s proposal ignores \u0093doc fix\u0094 legislation, which would cost roughly $200 billion over ten years.* As Capretta notes, it is ironic that the President does not account for this provision, but includes several other Medicare provisions in his proposal.<\/li>\n<\/ul>\n<ul>\n<li>Non-coverage spending would add about $90 billion to the cost of the bill.<\/li>\n<\/ul>\n<ul>\n<li>Cost estimates for the President\u0092s plan should apply to the ten year window from 2011 to 2020\u0097not to 2019.* This would add approximately $200 billion more to the cost of the bill.&lt;spanid=&quot;more-27316&quot;&gt;&lt;\/span&gt;<\/li>\n<\/ul>\n<ul>\n<li>The President\u0092s plan includes the CLASS Act, premiums from which are double-counted.* Fixing this adds $72 billion to the cost of the bill.<\/li>\n<\/ul>\n<ul>\n<li>The true ten year window of the bill, including spending reductions, new revenues, and new spending, is 2014 to 2023.* During this period, the Senate bill would cost $2.3 trillion.* Adding the President\u0092s additional provisions, at $75 billion, as well as the aforementioned provisions, arrives at a grand total of over $2.5 billion.<\/li>\n<\/ul>\n<p>According to Capretta, the newly created entitlement programs created by the bill are likely to expand over time to include more Americans.* In addition, spending cuts to current entitlement programs have little chance of coming to fruition, as these cuts would put several institutions in financial trouble.* **&lt;ahref=&quot;http:\/\/www.heritage.org\/Research\/HealthCare\/wm2816.cfm&quot;&gt;Capretta\u0092s full analysis can be read here.<\/p>\n<p><a href=\"http:\/\/blog.heritage.org\/2010\/02\/24\/the-presidents-health-proposal-further-jacking-up-the-cost-of-care\/\" >http:\/\/blog.heritage.org\/2010\/02\/24\/&#8230;-cost-of-care\/<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 02.24.10 02:30 PM posted by Kathryn Nix &lt;ahref=&quot;http:\/\/blog.heritage.org\/wp-content\/uploads\/money_stacks090211.jpg&quot;&gt;&lt;\/p&gt;In anticipation of the February 25th health care summit with members of Congress, the President released his &lt;ahref=&quot;http:\/\/www.whitehouse.gov\/health-care-meeting&quot;&gt;proposal for pricey, government-run health care.* The White House estimates the cost of the proposal to be $950 billion over a decade, decreasing the federal deficit.* However, health policy expert [&hellip;]<\/p>\n","protected":false},"author":4292,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-359420","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/359420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4292"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=359420"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/359420\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=359420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=359420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=359420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}