Business

Can We Trust the CBO's Healthcare Figures?

By Raven Clabough / The New American
House Majority Whip James Clyburn and House Speaker Nancy Pelosi were positively giddy on Thursday morning when the Congressional Budget Office (CBO) released preliminary estimates of the financial impact of the House reconciliation package on national healthcare. The package is said to mirror the proposal President Obama outlined in February as a compromise between the bills passed in the House and Senate last year. Because the Democrats were unwilling to share the actual reconciliation language prior to the release of the estimates, the CBO’s estimates were based on what they were told to expect in the package. Since then, the language has been posted online, providing little time for the CBO to produce more accurate figures.
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Posted by Editor at March 20, 2010 02:36 AM