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MIT economist take on Health care reform bill, agree?

A new analysis by a leading MIT economist provides new ammunition for Democrats as the Senate begins formally debating the historic health-reform bill being pushed by President Barack Obama.


The report concludes that under the Senate’s health-reform bill, Americans buying individual coverage will pay less than they do for today's typical individual market coverage, and would be protected from high out-of-pocket costs.


So Democrats will argue that under the Senate bill, Americans would pay less for more.


The new document arms Democrats with a response to the contention of Senate Minority Leader Mitch McConnell (R-Ky.) that the bill would mean “higher premiums, higher taxes, and massive cuts to Medicare.”

http://www.politico.com/news/stories/1109/29959.html

 
sweet-a-kins

Asked by sweet-a-kins at 11:43 PM on Nov. 28, 2009 in Politics & Current Events

Level 34 (67,502 Credits)
This question is closed.
Answers (52)
  • feel free to read the CBO report


    The CBO report says it will lower premiums, not add to the deficit and reduce the number of uninsured Americans hmm..

    SRiveroC

    Answer by SRiveroC at 2:07 PM on Nov. 29, 2009

  • The “microsimulation” analysis is by Jonathan Gruber, an economist at the Massachusetts Institute of Technology and a Treasury Department official under President Bill Clinton. Gruber used data from the Congressional Budget Office.


    Gruber concludes that people purchasing individual insurance would save an annual $200 (singles) to $500 (families) in 2009 dollars. And people with low incomes would receive premium tax credits that would reduce the price that they pay for health insurance by as much as $2,500 to $7,500.


    The report will be circulated to Capitol Hill this week. Read the four-page report here.
    Gruber’s conclusion: “[F]or those facing purchase in the non-group market, the … bill will deliver savings ranging from $200 for singles to $500 for families in today’s dollars – even without subsidies. The savings are much larger for lower income populations that receive premium credits.
    sweet-a-kins

    Answer by sweet-a-kins at 11:44 PM on Nov. 28, 2009

  • This is in addition to the higher quality benefits that those in the exchange will receive, with actuarial values for low income populations well above what is typical in the non-group market today. It is also in addition to all the other benefits that this legislation will deliver to those consumers – in particular the guarantee, unavailable in most states, that prices would not be raised or the policy revoked if they became ill.”


    Gruber was among the 23 Ph.D. economists who sent a letter to Obama on Nov. 17 endorsing his approach to health-care reform. Read the economists’ four-page letter here.

    Read McConnell’s Republican case here.
    sweet-a-kins

    Answer by sweet-a-kins at 11:44 PM on Nov. 28, 2009

  • Yeah, when I want a second opinion on my best healthcare options the first thing I do is call an economist. Think I'll stick with the ones who have actual medical degrees - coincidentally the group that far and wide thinks the whole thing is almost as ignorant (if not more so) than the spendulous.
    NotPanicking

    Answer by NotPanicking at 11:45 PM on Nov. 28, 2009

  • Sweet, give it up- Only certain ppl who post here are right, correct, moral, ethical, American, blah, blah,........

    Sisteract

    Answer by Sisteract at 11:47 PM on Nov. 28, 2009

  • Sweet, give it up- Only certain ppl who post here are right, correct, moral, ethical, American, blah, blah,........

    Get off your cross, someone needs the wood.
    NotPanicking

    Answer by NotPanicking at 12:16 AM on Nov. 29, 2009

  • Get off your cross, someone needs the wood.


    Testy testy....

    sweet-a-kins

    Answer by sweet-a-kins at 12:17 AM on Nov. 29, 2009

  • Lol, so are we gonna put the lefty economist against the righty economist?

    Have sweet and grly go head to head in an epic steel. cage match?
    lovinangels

    Answer by lovinangels at 12:19 AM on Nov. 29, 2009

  • Lol, so are we gonna put the lefty economist against the righty economist? Have sweet and grly go head to head in an epic steel. cage match?


    LOL...Thought it was ironic after reading the other post that I came across this one...

    sweet-a-kins

    Answer by sweet-a-kins at 12:21 AM on Nov. 29, 2009

  • Now the righty said it would cause shortages, that I agree with.
    lovinangels

    Answer by lovinangels at 12:23 AM on Nov. 29, 2009

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