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What Will the Senate Finance Committee Bill Cost?

Editor’s note: As one delves into and reads the SFC bill, one has to wonder if they really addressed the major issue, in most people’s minds – cost. While some are quoting $774 billion, the Daily Tax Report is quoting $856 billion. And if the SGR (physician reimbursement methodolgy) is only comprehended for two years nad there is no fix to primary care, have we really addressed the cost or delivery issues in a meaningful sustainable way?

In an initial estimate, the CBO says the Baucus bill would cover about half of the uninsured and actually reduce the deficit by $29 billion over ten years. The insurance expansion would actually cost about $774 billion, but that new cost would be offset by new taxes (especially the tax on high-cost plans) and spending cuts in Medicare.
 
Other analysts inform me that this bill appears to be less costly because it fixes the physician payment cuts (known as SGR) for only two years, and fails to increase Medicaid payments for primary care physicians.
 
SOURCE:
CBO

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September 17, 2009 - Posted by | Federal Government, healthcare | , ,

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