CBO Cuts Down Plans For Reform
The CBO’s most recent report on the projected cost of healthcare report dealt a death blow to Democrats in congress. According to a Washington Post article:
Though President Obama and Democratic leaders have repeatedly pledged to alter the soaring trajectory — or cost curve — of federal health spending, the proposals so far would not meet that goal, Elmendorf said, noting, “The curve is being raised.” His remarks suggested that rather than averting a looming fiscal crisis, the measures could make the nation’s bleak budget outlook even worse.
It remains to be seen what Obama supporters in the senate will propose, but as of right now – with this intense new disagreement from fiscal conservatives – the outlook is not so good.
Posted: July 17th, 2009 under Healthcare, Obama, The First Year.
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