COST: CBO Scores, Pay-fors, for the House Health Bill
We're updating this post with a statement from the three relevant House committees:
The Press Offices of the House Ways and Means, Energy and Commerce, and Education and Labor Committees released the following statement today in response to an inaccurate report published in Congress Daily asserting that the House Tri-Committee health care reform legislation has been scored by the Congressional Budget Office:
“This report is premature and entirely fabricated. In fact, none of the reporters working on this piece contacted our press offices to fact check their story. The three House Committees are still working to develop legislation and have not yet received a score from CBO on the discussion draft. As the three Chairmen have made clear, our health care reform legislation will be paid for and we’re still considering revenue options.”
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Congress Daily's Anna Edney, citing sources, is reporting that CBO has scored the House healthcare overhaul bill at $1.5 trillion over 10 years, with pay-fors coming from sugary beverage taxes, Medicare cuts, an employer mandate and taxes on people earning $250,000 or more.
The House bill does not change the tax breaks for employer-sponsored insurance, which could be a challenge when it comes time to merge House and Senate bills (if the Senate does end up taking that route.)
Financing specifics may be in flux for another day or two, but it looks likely that the House bill will make about $500 billion in Medicare cuts, and raise $350 billion from an employer mandate. Raising the Medicare payroll tax appears to be on the table.
The full House bill could be released as early as Wednesday with markups starting next Monday.
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