Speaker of the House Nancy Pelousy released her version of a health care, make that health insurance, plan. The plan, to be brief and vulgar, is lousy. Almost without fail, Obama lovers and Big Media (redundant, we know) have failed to discuss this aspect of the much discussed public option:
The public insurance option would typically charge higher premiums than private plans available in the exchange, according to the Congressional Budget Office analysis of the House bill.
That surprising conclusion raises doubts about Democratic promises that a government-run insurance plan would provide a lower-cost alternative to consumers. At the same time, it calls into question Republican charges that the plan amounts to government takeover of health insurance — because only 6 million people would enroll in the plan, according to the CBO.
With the exception of LivePulse, few are discussing this startling result. Here is the Congressional Budget Office analysis (found on page 6).
Roughly one-fifth of the people purchasing coverage through the exchanges would enroll in the public plan, meaning that total enrollment in that plan would be about 6 million.
That estimate of enrollment reflects CBO’s assessment that a public plan paying negotiated rates would attract a broad network of providers but would typically have premiums that are somewhat higher than the average premiums for the private plans in the exchanges. The rates the public plan pays to providers would, on average, probably be comparable to the rates paid by private insurers participating in the exchanges. The public plan would have lower administrative costs than those private plans but would probably engage in less management of utilization by its enrollees and attract a less healthy pool of enrollees. (The effects of that “adverse selection” on the public plan’s premiums would be only partially offset by the “risk adjustment” procedures that would apply to all plans operating in the exchanges.)
Surely “liberals” in the House will revolt? No, not quite. Earlier this year Representative Anthony Weiner voted for the Energy and Commerce Committee bill on health care after threatening to vote against it. There were sufficient votes to block the bill in the Energy Committee. Nancy Pelousy and other House leaders made promises to get votes.
A most crucial promise was that Anthony Weiner would get a vote on an amendment on the House floor for his proposal to establish a single payer system. No surprise that Nancy Pelousy lied. No surprise that “liberals” caved and won’t protest the lies:
Even New York Rep. Anthony Weiner, who received a public assurance from Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) over the summer that he would get a vote on an amendment establishing a single-payer government-run health care program, seemed to take the news in stride that party leaders had reneged on that agreement.
“I wouldn’t be the first person to learn this place isn’t on the level,” Weiner told a crowd of reporters.
No surprise that lies are discounted and Obama excused. We recall Obama’s FISA lies.
Nancy Pelousy is also lying as to cost:
There was a lot of confusion Thursday when the CBO released its cost estimate for the House bill. Democrats had said earlier in the day that the bill would cost $894 billion — just under the $900 billion limit set by President Barack Obama. But in the CBO analysis, there were two price tags: a net cost of $894 billion and a gross cost of just over $1 trillion. Both numbers are correct, but Democrats shifted the terms of the debate and cherry-picked the lower one.
More lies from Nancy Pelousy and her lousy crowd.
And the promises that health care [insurance] reform would lower costs, or as the wonks say “bend the curve”? More lies. It’s all a crock.
Nancy Pelousy had a banner week of lies to top off her lies attacking Hillary in 2008 and in support of Obama. Barack Obama, along with his thugs, had a banner week of lies too.
The noise from Obama this week was “Mission Accomplished” and the new GDP report claimed the recession was over. Not quite. It was steroids. Without government steroids, er, “stimulus”, such as the wasteful “cash for clunkers”, the economy is not well. Christina Romer, at the White House, confirmed the GDP steroid story:
Without stimulus programs such as “cash for clunkers” and a first-time homebuyer’s credit, “real GDP would have risen little, if at all, this past quarter,” Christina Romer, president of the White House Council of Economic Advisers, said in a statement.
There were more Barack Obama lies on jobs and steroids, er, “stimulus”. CBS followed up on the Associated Press report noting the Obama lies on jobs. Let’s go to the videotape.
The original report noted the many Obama lies:
An early progress report on President Barack Obama’s economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.
The government’s first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.
The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.
Examples of the Obama lies:
– A company working with the Federal Communications Commission reported that stimulus money paid for 4,231 jobs, when about 1,000 were produced.
– A Georgia community college reported creating 280 jobs with recovery money, but none was created from stimulus spending.
– A Florida child care center said its stimulus money saved 129 jobs but used the money on raises for existing employees.
Obama claimed the “stimulus”, which we rightly called a “slush fund” for Dimocrats reelection efforts next year, would produce 3.5 million jobs. Call the police, the jobs are missing.
While the thousands of overstated jobs represent a tiny sliver of the overall economy, they represent a significant percentage of the initial employment count credited to the stimulus program.
Oh, and the stock market dropped 200 points today.