Goldberg falsely suggests health care reform isn’t paid for
Posted in Main Blog (All Posts) on April 11th, 2010 4:45 am by HL
Goldberg falsely suggests health care reform isn’t paid for
Jonah Goldberg claimed that the Obama administration “is now floating the idea of imposing a value-added tax” “to pay for” the “recently passed health-care legislation.” In fact, CBO found that the health care law more than pays for itself over the next ten years and beyond.
Goldberg: White house “floating” VAT “to pay for” health care reform
From Goldberg’s April 9 stated of the deficit impact “for the decade following the 2010-2019 period”: “[T]he combined effect of enacting H.R. 3590 and the reconciliation proposal would also be to reduce federal budget deficits over the ensuing decade relative to those projected under current law – with a total effect during that decade in a broad range around one-half percent of GDP.”
CBO: Health care reform would “probably continue to reduce budget deficits” in subsequent decades. Additionally, CBO stated of the impact of the health care reform bill on deficits after 2029: “CBO has not extrapolated estimates further into the future because the uncertainties surrounding them are magnified even more. However, in view of the projected net savings during the decade following the 10-year budget window, CBO anticipates that the reconciliation proposal would probably continue to reduce budget deficits relative to those under current law in subsequent decades, assuming that all of its provisions continued to be fully implemented.”
