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"Smoking Gun" CBO Memo Exposes Effort to Hide Cost of Obamacare
American Spectator ^
| 12.16.09 @ 11:36AM
| By Philip Klein
Posted on 12/16/2009 9:25:02 AM PST by Behind Liberal Lines
a CBO memo ... was released with little fanfare over the weekend.... the "smoking gun" showing that there has been a concerted effort among Democrats to make sure the CBO does not start taking into account the cost of mandates and new regulations.
The memo concerned a proposal by Sen. Jay Rockefeller -- reportedly part of the now defenct Medicare expansion "deal" reached last week -- that would require insurance companies to spend 90 of the money collected in premiums on medical claims. Their conclusion was: "In CBO's view, this further expansion of the federal government's role in the health insurance market would make such insurance an essentially governmental program, so that all payments related to health insurance policies should be recorded as cash flows in the federal budget."
In other words, adopting such a measure would have forced the CBO to begin to measure the private sector costs of certain elements of the bill, making it unlikely to be adopted.
"The Medical Loss Ratios memo is the smoking gun," [Cato's Michael Cannon] writes. "It shows that indeed, Democrats have been submitting proposals to the CBO behind closed doors and tailoring their private-sector mandates to avoid having those costs appear in the federal budget. Proposals that would result in a complete cost estimate ... are dropped. Because we can’t let the public see how much this thing really costs."
(Excerpt) Read more at spectator.org ...
TOPICS: Business/Economy; Culture/Society; Editorial; Front Page News; Government; News/Current Events
KEYWORDS: budget; cluelessindc; congressional; healthcare; obamacare; office
To: Behind Liberal Lines
keep it up
THEY CAN NOT STAND CONSTANT PRESSURE
2
posted on
12/16/2009 9:33:47 AM PST
by
gibtx2
(End Tenure)
To: Behind Liberal Lines
Anybody know when the next CBO report is due out, the one that some HellCare ‘rats have been saying they await before their final solution... I mean their final decision on how to vote?
3
posted on
12/16/2009 9:33:53 AM PST
by
C210N
(A government big enough to give you everything you want, is big enough to take everything you have)
To: Behind Liberal Lines
The memo... reportedly part of the now defenct Medicare expansion "deal" reached last week I presume he means "defunct."
4
posted on
12/16/2009 9:34:47 AM PST
by
Carry_Okie
(Mao was right about power and guns; which is why he confiscated them.)
To: Behind Liberal Lines
At times it feels like Bernie Madoff occupies the White House.
To: Behind Liberal Lines
The entire world of obama and his government is rife with secrecy, corruption, graft, coersion, and malfeaseance.
Everything and everyone around him is corrupt, or corruptable; He has turned the "Oval Office" into an "ACORN Office", and we've seen the videos of what happens in ACORN offices...corruption.
But, I'm guessing we'll just sit out here on our politically correct haunches and let him continue to make a mockery of this great and wonderful idea called the United States of America.
Him and congress are running down the list of every left-wing debacle they ever were denied by congresses past, ramming them through so fast they're hard to track...which is exactly their plan. The kenyan even told us up front he would fundamentally change our country...and we scoffed at him.
Well, Br'er obama done tooken us to da "laughing place" and he's the one doing the laughing.
6
posted on
12/16/2009 9:49:45 AM PST
by
FrankR
(SENATE: You cram it down our throats in '09, We'll shove it up your ass in '10...count on it.)
To: Behind Liberal Lines
No why Bernie Madoff went to jail?
Because the government can’t stand competition.
To: Behind Liberal Lines
8
posted on
12/16/2009 11:56:39 AM PST
by
lowbridge
("We may be wrong, but the point is, we believe in what we're doing." - Joe Biden)
To: Behind Liberal Lines
9
posted on
12/16/2009 11:56:42 AM PST
by
lowbridge
("We may be wrong, but the point is, we believe in what we're doing." - Joe Biden)
To: gibtx2
10
posted on
12/16/2009 12:01:09 PM PST
by
Mrs. Don-o
(Every good and perfect gift is from above, coming down from the Father of Lights. James 1:17).)
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