Senate Finance Committee chairman Max Baucus is unsurprisingly cheered by the news out of the Congressional Budget Office. "Our balanced approach to health reform has paid off yet again with the news today that the America's Healthy Future Act remains fully paid for, begins to reduce the federal deficit within ten years and makes significant reductions in federal debt over the next several decades," he says.
Most importantly, it improves and expands health care coverage for tens of millions of American families. This legislation is a smart investment on the federal balance sheet, and it's an even smarter investment for American families, businesses and our economy. Health reform will modernize the health care system for the 21st century by reducing inefficiencies, focusing on quality and ensuring we are getting the best bang for our health care buck. Health reform should be fiscally responsible as it expands and improves coverage and these numbers reiterate that real reform can be just that.

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mans_best_friend
October 7, 2009 4:55 PM
Careful, Max. You'll wrench your shoulder patting yourself on the back that hard.
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fpie
October 7, 2009 4:59 PM in reply to mans_best_friend
It's OK. He has good healthcare coverage.
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jerryfatheart
October 7, 2009 5:06 PM in reply to fpie
Zing!
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Docb
October 7, 2009 9:12 PM in reply to mans_best_friend
It provides NOTHING FOR THE AMERICAN PEOPLE ONLY FOR THE CORPORATIONS>> AN AMERICAN FAILURE FOR THE PEOPLE! BUT A LANDSLIDE FOR HC CORPORATIONS
Shameless..No competition/ no cost controls Horrid..call him and congratulate him on his support against the people but for the corporations..1.800.828.0498 or 1.877.264.4226.. BETRAYAL MY NAME IS BAUCUS AND CONRAD...
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Indie Pro
October 7, 2009 5:01 PM
Health Insurers say the Baucus plan will lead to more expensive insurance:
Health insurers and hospitals are concerned that the weaker mandate to buy insurance in the Senate Finance bill could result in fewer new customers, the Wall Street Journal reports. After initially embracing the Baucus proposal and agreeing to new regulations with “the expectation that millions of new customers would be brought into the health-care system,” the health industry is now arguing that the bill’s softer mandate penalties may lead to higher premiums and increased costs:
- Karen Ignagni, President and CEO of AHIP: “People will drop coverage and those who stay in would see rate shock,” Karen Ignagni, president of America’s Health Insurance Plans, the insurance industry trade group, said in an interview Monday.
- Alissa Fox, Lobbyist for Blue Cross/Blue Shied: “It might seem like they are solving the problem, but what happens is premiums for everyone are going to get more expensive in the new market.” “It only works when everyone is in the pool.”
...
The health insurance industry’s millions of dollars and millions of lobbyists have convinced a large block of lawmakers to oppose a public option that could lower premiums by 10 percent, save the government some $150 billion over 10 years, and lower the cost of the overall bill (by reducing subsidies). Over the last decade, private insurers have stomped out any meaningful competition and have stopped negotiating with providers on behalf of their beneficiaries. They’ve monopolized the health care markets and allowed premiums to increase some 119% in the last ten years.
http://wonkroom.thinkprogress.org/2009/10/06/insurers-affordability/
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Indie Pro
October 7, 2009 6:25 PM in reply to Indie Pro
more:
The CBO thus estimates that "the failsafe provisions would require a reduction in exchange subsidies averaging about 15 percent during the years 2015 through 2018." That's a very bad thing, particularly in the first years of the plan. It means that, with no warning, subsidies will be cut by 15 percent, and insurance that families were able to afford the year before will become totally unaffordable.
http://voices.washingtonpost.com/ezra-klein/2009/10/things_to_worry_about_in_the_c.html
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Indie Pro
October 7, 2009 6:27 PM in reply to Indie Pro
in short:
the Baucus plan will cause premiums to increase, and subsidies to decrease
now that's reform!!
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superfly
October 7, 2009 5:01 PM
Doesn't his bill eliminate SCHIP over time, forcing those families to buy insurance? My guess is that is where the deficit reduction/savings comes from.
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The Commenter Formerly Known as NCSteve
October 7, 2009 5:11 PM in reply to superfly
That was one of the things Baucus gave away to Senator Crankypants and that other guy in his futile effort to get their holy bipartisan votes but it was undone by an amendment from the actual Democrats on the committee. Ironically, Snowe joined them.
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superfly
October 7, 2009 5:28 PM in reply to The Commenter Formerly Known as NCSteve
Thanks, that's the type of info that can be hard to dig up sometimes, appreciate the response.
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mcc
October 7, 2009 5:04 PM
Because victory doesn't mean giving more people health care coverage, or giving already-covered people better coverage, or ensuring fairness and human decency in the health care market, or even, y'know, something like "keep people from dying". "Victory" means saving $81 billion over a decade, which incidentally, loosely extrapolating from this article I just happen to have open in the other tag, is about how much we'll be spending on "missile defense" over the same period.
So will Baucus finally be releasing his talons from the health care legislation soon, then? And once he does, is there any way to exert pressure on the "conference" members to make sure as little as possible of the Baucus bill survives?
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jerryfatheart
October 7, 2009 5:09 PM
Yeah, Max. This is just great. Only, just imagine how many more people would be covered and how much more money would be saved if there were a public option!
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The Commenter Formerly Known as NCSteve
October 7, 2009 5:14 PM
Yay for you Max. If CBO says it'll save 81 billion, it'll probably save twice that. Except, of course, for the fact that this bill would be a blight on the Democratic Party if passed as-is because it leaves millions uninsured. Fortunately, most every Senate Democrat except you, Conrad, Landrieu and the imbecile from Nebraska seem to get that.
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mans_best_friend
October 7, 2009 5:24 PM in reply to The Commenter Formerly Known as NCSteve
Don't forget the other imbeciles from Indiana, Arkansas (2), Florida, Delaware and Missouri. Plus the "Independant" imbecile from Connecticut.
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The Commenter Formerly Known as NCSteve
October 7, 2009 8:53 PM in reply to mans_best_friend
I don't count the unctious independent pus slick from Ct at a Democrat. With the possible exception of Lincoln, I expect the rest of those guys will vote for a bill that's more like HELP than Finance. Bayh, in particular, has been keeping an unusually low profile in this thing considering what an unmitigated camerawhore he usually is.
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fbacon2
October 7, 2009 7:27 PM in reply to The Commenter Formerly Known as NCSteve
Alternative headline: Baucus claims victory in attempt to rescue his fatally wounded reputation as a lawmaker.
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aikbay
October 7, 2009 5:27 PM
The idiot is not talking to Rockefeller. This guy who is an elderly senator from Montana isn't talking to Rockefeller. Tells me all I need to know about MaxBucks.
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Jaycal
October 7, 2009 6:40 PM
Now, if only this whole policy debate was about reducing or increasing the deficit, we'd be in great shape. One thing I do know, if we don't slow down the increase in costs for health care, we're all going to be in a (personal) deficit or without insurance.
Bacaus: "I've found this new incredible substance, with which we can cause the ground to be bountiful, the flowers to grow fragrant and tall, and there seems to be be an increasing supply in Washington."
Public: "It's crap!"
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