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CBO Director Says ObamaCare Will Boost Deficit

Deviating from the official script, and committing a possibly career killing act of honesty, Congressional Budget Office Director Douglas Elmendorf says Congress' current version of ObamaCare will actually increase costs:

Instead of saving the federal government from fiscal catastrophe, the health reform measures being drafted by congressional Democrats would worsen an already bleak budget outlook, increasing deficit projections and driving the nation more deeply into debt, the director of the nonpartisan Congressional Budget Office said this morning.

Under questioning by members of the Senate Budget Committee, CBO director Douglas Elmendorf said bills crafted by House leaders and the Senate health committee do not propose "the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount."

"On the contrary," Elmendorf said, "the legislation significantly expands the federal responsibility for health-care costs."

....the reform measures put forth so far would not fulfill their pledge to "bend the cost curve" downward, Elmendorf said. Instead, he said, "The curve is being raised."

The CBO is the official arbiter of the costs of legislation, and Elmendorf's stark testimony is certain to undermine support for the measures even as three House panels begin debate and aim to put a bill on the House floor before the August recess.

Maybe there are some people left in Washington that actually care about their reputations. After months of listening to the Obama administration's nonsense about reducing the deficit by taking over healthcare, it's refreshing to hear someone actually testify during this debate that such ideas are ridiculous. Kudos for Mr. Elmendorf for calling it like he sees it.

There are growing signs that the ObamaCare Express may be stalling as voters learn more about the costs and other heretofore undisclosed features that reveal the scheme to be a blatant government takeover of the world's finest medical delivery system.


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Comments (14)

But, but the Democrats are ... (Below threshold)
GarandFan:

But, but the Democrats are here to help us! Remember the "Stimulus Bill". It would help us. No time to debate and reflect. PASS IT NOW! It's an EMERGENCY! Children are DYING in the streets. No time to debate. No time to READ it. Pass it now! Won't cost you a dime. Honest!

Quote of the Day:"... (Below threshold)
Adrian Browne:

Quote of the Day:

"The status quo is unacceptable. We support passage of H.R. 3200, and we look forward to additional constructive dialogue as the long process of passing a health reform bill continues. "
~ J. James Rohack, M.D., AMA president

Adrian,What is inter... (Below threshold)
DaveD:

Adrian,
What is interesting is that I know an OR nurse who works at a major referral hospital in Philadelphia and during an email exchange asked her what the sentiment there was among doctors regarding Obama's health care plan. She told me she hasn't talked to one doctor who is enthusiastic. I don't know if opinions vary between let's say family general practice physicians versus the specialists like orthopedic surgeons, cardiovascular surgeons, etc.

You left off the telling po... (Below threshold)
JD:

You left off the telling portion of the quote:

"We are committed to passing health reform this year consistent with principles of pluralism, freedom of choice, freedom of practice, and universal access for patients."

Just a cursory glance at section 102, paragraph a, subsection 1 of HR3200 and the whole 'freedom of choice' is out the window.

Oh, you mean that pesky lit... (Below threshold)
iwogisdead:

Oh, you mean that pesky little part about making it illegal for anyone to change private insurers or to enroll in new private insurance plans? That part that will eventually force everyone onto the government option? Don't worry about that. It's nothing.

Look! Here's some free candy!!

Mainstream press: "Move alo... (Below threshold)
Trajan:

Mainstream press: "Move along people....nothing
to see here!"

Wait! You mean we can't spe... (Below threshold)
bobdog:

Wait! You mean we can't spend our way to economic paradise?

Nancy Pelosi said in a press conference today that the Soak The Rich tax may not be needed. If not, she said, we can just apply it to the deficit. Like it was nuthin'.

Never met a deficit funded pork program or a tax she didn't like. Even in a recession.

Here's a suggestion: Cancel the damned stimulus plan. Defeat Cap and Trade. Defeat the Medical Reform Whether You Like It or Not bill. Take that money, divide it up among the taxpayers, and cancel company and personal payroll taxes until it's all used up. It's about $75,000 for every taxpayer in the country.

Oh, yeah. As a major cost cutting measure, send these clowns home until the refund is used up. That alone would cut the deficit in half.

Simple solution regading th... (Below threshold)
Neo:

Simple solution regading the matter of cost reductions .. stop all medical research.

You don't need a R&D budget for medical research when you're not going to use it.
Any new innovation will extend the life of users of the health care system, which in turn will raise not just the continued cost of the surviving patient, but additional costs of other like patients.
As a simple matter of economics, there would be no need for a R&D budget that would lead to the extension human life because it would raise costs on two fronts.

Everyone knows that the CBO... (Below threshold)
The Big O!:

Everyone knows that the CBO is just a right-wing racist organization that will just make up numbers because they want Obama to fail.


Don't worry Neo, if Obama c... (Below threshold)
P. Bunyan:

Don't worry Neo, if Obama care becomes law that will happen by default.

Unfortunately that will also happen in every other sector of our ecomony that Obama nationalizes. The motive for R & D is profit. To Obama and likeminded far leftists, profiting from productive activities that contribute to the advancement of the quality of life is evil. Now if you profit from scams like global warming like Algore does, or if you sue your profits off society like Pretty John Edwards, that's O.k.

CBO=Crushingly Bad for Obam... (Below threshold)

CBO=Crushingly Bad for Obama

While I get Neo's point, he... (Below threshold)
Upset Old Guy:

While I get Neo's point, he misses the reality that medical research will be needed so that the very latest in medical technology will be available for use by our permanent, liberal ruling class.

F. Castro has his own floor in the main hospital in Havana. Will Nancy accept any less?

Elmendorf single-handedly g... (Below threshold)
Trajan:

Elmendorf single-handedly gutted the Obamacare
fish.

The Dem spin-machine will need a Pontiac 389-
block with three-deuce aspiration to cure the
sputtering I'm hearing today. But I'm hearing
that Bammy don't know diddley about cars.

Quick, get Elmendorf bodygu... (Below threshold)
ODA315:

Quick, get Elmendorf bodyguards before he's found face-down in Ft. Marcy park.




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