Why the Democratic Healthcare bill is like a trip to Costco

It might cost a bit more upfront, but it will give us more stuff (coverage) and save us more in the long run. And that's not my opinion, it's the Congressional Budget Office's as David M. Herzenhorn of the New York Times writes in this article. Key passage below.

The Republican bill, which has no chance of passage, would extend insurance overage to about 3 million people by 2019, and would leave about 52 million people uninsured, the budget office said, meaning the proportion of non-elderly Americans with coverage would remain about the same as now, at roughly 83 percent.

The budget office has said that the Democrats’ health care proposal would extend coverage to 36 million people, meaning that 96 percent of legal residents would have health benefits. The Democrats’ bill would cost $1.1 trillion, with the costs more than covered by revenues from new taxes or cuts in government spending, particularly on Medicare.

House Republicans, including their leader, Representative John A. Boehner of Ohio, have said that they did not intend for their legislation to expand insurance coverage, because they viewed that goal as unaffordable. Instead, they said the bill was tailored narrowly to reduce costs.

According to the report by nonpartisan budget office, the Republican bill would reduce future federal deficits by $68 billion over 10 years, compared to a reduction of $104 billion by the House Democrats’ legislation.