CBO can not score Obama’s health care proposal due to lack of details!

obamacare-its-to-die-forAmong the “goodies” in the bill according to Hotair include another expansion of government to create a new federal Health Insurance Rate Authority to oversee “unreasonable” premium increases. Philip Klein runs the numbers and says that this bill is basically more expensive version of Reid’s bill. Not only that, but Klein mentions this bill is going to tax capital gains 2.9% on top of what Reid’s original bill was set to tax! Great huh? On top of that, The CBO can’t even score this bill because Obama has not provided them enough details in order to be able to score this! How you liking that transparency so far?

We had not previously received the proposal, and we have just begun the process of reviewing it—a process that will take some time, given the complexity of the issues involved. Although the proposal reflects many elements that were included in the health care bills passed by the House and the Senate last year, it modifies many of those elements and also includes new ones. Moreover, preparing a cost estimate requires very detailed specifications of numerous provisions, and the materials that were released this morning do not provide sufficient detail on all of the provisions. Therefore, CBO cannot provide a cost estimate for the proposal without additional detail, and, even if such detail were provided, analyzing the proposal would be a time-consuming process that could not be completed this week.

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February 22, 2010 · Filed Under ObamaCARE


Comments

  • Nancy

    The CBO can not do an analysis because of a lack of details and would not be able to do one by Thursday AM even with the details but Obama wants the GOP to accept it or be painted as the party of “NO”. Hopefully the GOP wears their paintball outfits.
    I wonder if Obama has read the proposal yet.