MUST READ…..CBO: Tort reform would reduce deficit by $54 billion
Hot Air » Blog Archive » CBO: Tort reform would reduce deficit by $54 billion.
CBO now estimates that implementing a typical package of tort reform proposals nationwide would reduce total U.S. health care spending by about 0.5 percent (about $11 billion in 2009). That figure is the sum of a direct reduction in spending of 0.2 percent from lower medical liability premiums and an additional indirect reduction of 0.3 percent from slightly less utilization of health care services. (Those estimates take into account the fact that because many states have already implemented some of the changes in the package, a significant fraction of the potential cost savings has already been realized.)
Enacting a typical set of proposals would reduce federal budget deficits by roughly $54 billion over the next 10 years, according to estimates by CBO and the staff of the Joint Committee of Taxation. That figure includes savings of roughly $41 billion from Medicare, Medicaid, the Children’s Health Insurance Program, and the Federal Employees Health Benefits program, as well as an increase in tax revenues of roughly $13 billion from a reduction in private health care costs that would lead to higher taxable wages.
Please take the time to read the entire blog posting at the link provided
October 11, 2009 - 03:42 AM on October 11th, 2009
[...] MUST READ…..CBO: Tort reform would reduce deficit by $54 billion - Right Voices [...]
October 12, 2009 - 12:35 AM on October 12th, 2009
Its more BS The lawyers will make billions on the backs of the poor.
October 12, 2009 - 11:00 AM on October 12th, 2009
ANY so-called reform that doesn’t get the lawyers, frauders, and wasters out of the system is not reform.
October 16, 2009 - 12:56 PM on October 16th, 2009
By the way 54 billion is nothing, its away for some to make billions like our so called bankers that have raped us and will rape you many more times.
October 21, 2009 - 01:27 AM on October 21st, 2009
on HBO Back about a year ago something called the house of saddam it was about one evil so and so he is just like obama.