This morning CBO released an analysis of how health insurance premiums might be affected by enactment of the Patient Protection and Affordable Care Act, as proposed by Senator Reid on November 18, 2009. The marketplace for health insurance is complex and many-faceted, and the impact of a proposal on premiums cannot be readily summarized in one or two numbers.
November 2009
Under the American Recovery and Reinvestment Act of 2009 (ARRA), also known as the economic stimulus package, certain recipients of funds appropriated in ARRA (most grant recipients, contractors, and subcontractors) are required to report the number of jobs they have created or retained with ARRA funding since the law's enactment in February 2009. The law also requires CBO to comment on that reported number. Today CBO released a report to satisfy that requirement.
Today CBO released a letter providing additional information on the budgetary effects of proposals to establish the Community Living Assistance Services and Supports (CLASS) Program, a new federal program for long-term care insurance. H.R. 3962, the Affordable Health Care for America Act, as passed by the House of Representatives, and the Patient Protection and Affordable Care Act proposed by Senator Reid contain similar proposals that would establish a voluntary program for such insurance.
The consumption of fossil fuels and deforestation are producing increasingly large quantities of greenhouse gases, particularly carbon dioxide (CO2). Most experts expect that the accumulation of such gases in the atmosphere will result in a variety of environmental changes over time Although the magnitude and consequences of such developments are highly uncertain, researchers generally conclude that a continued increase in atmospheric concentrations of greenhouse gases would have serious and costly effects.
In response to many questions we have received, CBO has released several additional pieces of analysis of the Patient Protection and Affordable Care Act:
CBO has just released a revised estimate of the net budgetary impact of H.R. 3962, the Affordable Health Care for America Act, the health care reform bill that was passed by the House of Representatives on November 7. The revised estimate corrects a mistake that CBO made in its earlier assessment of a provision that would establish the Community Living Assistance Services and Supports (CLASS) program, a federal insurance program for long-term care.
CBO just released a letter responding to questions from Congressman Ryan about H.R. 3961, the Medicare Physicians Payment Reform Act of 2009, which is scheduled to be considered by the House of Representatives today. Congressman Ryan inquired about the total budgetary impact of enacting that bill, which would increase the rates Medicare pays to physicians, along with H.R. 3962, the Affordable Health Care for America Act, the broad health care reform bill passed by the House of Representatives a few weeks ago.
Last night CBO and the staff of the Joint Committee on Taxation (JCT) issued an estimate of the budgetary effects of the Patient Protection and Affordable Care Act proposed by Senator Reid.
The Patient Protection and Affordable Care Act proposed yesterday by Senator Reid and H.R. 3962, the Affordable Health Care for America Act passed by the House of Representatives, contain very similar proposals regarding long-term care insurance. Both proposals would establish a voluntary federal program for such insurance, termed the Community Living Assistance Services and Supports (CLASS) program.
CBOs Acting Assistant Director in charge of the National Security Division, Matt Goldberg, testified today before the House Committee on Armed Services about the long-term implications of the fiscal year 2010 budget submission for the Department of Defense (DoD). Todays testimony is similar to CBOs testimony before the House Budget Committee last month.