Peter Orszag, director of the federal Office of Management and Budget, blogged Thursday about the cost of Pres. Barack Obama’s health care reform proposal.
Feel free to read the full blog post, but here is an excerpt:
… the President has put forward a health plan that would reduce deficits by roughly $100 billion over the next ten years and by roughly $1 trillion in the decade after that.
Recently, a lot of attention has been paid to a claim that this deficit reduction is achieved only through a business-as-usual Washington budget gimmick: paying for just a few years of costs with many more years of savings.
This charge is simply false …
If you are confused regarding what’s in the different plans, have a look at the excellent side-by-side comparison developed by the Kaiser Family Foundation. Note, however, that this comparison only includes the plan presented by Pres. Barack Obama on Feb. 22. There were additional GOP proposals identified during and following the Feb. 25 health care summit that Obama believes should be a part of the final bill. Those are not included in the side-by-side comparison, but can be found on the White House Web site.
