📰 Me Cbo News
Me Cbo News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Me Cbo. Real-time updates on events, politics, business and more.
March 13, 2017
By 2018, 14 million will have fewer plans. before this came out. tom price said this. >> i firmly believe that nobody it will be worst off fingsly in the process. we have a great opportunity to increase coverage over where we are right now. >> here is what tom price said moments ago after the report came out. >> we believe the plan we are putting in place is going to ensure more than are insured. >> theres this just moments ago. here is what senator lindsey graham told nbc news. >> this is not g...
March 13, 2017
Employers and state government will respond. part of the estimate how state and locals respond to the bill. its not awful how states would respond. thats one example. >> who are big winners and losers in the score of the gop bill? >> with legislation will do cut taxes for richer people and benefits for lower income people. from cbo estimate it depends on what people are trying to achieve. if you think the change should keep everyone -- this report is bad news for that. if you think its appropria...
March 13, 2017
And learning from the inaccuracies and how to make better estimates in the future. cbo analysts are knowledgeable about the uncertainties around -- thats why they were created to provide information for the congress and the american part-tieople. thank you for joining us. >> happy to be here. >> karen, just moments ago senate minority leader schumer, said they hand picked cbo. thats unfair do you agree? >> this is a pretty tough
March 13, 2017
Out there. they are not saying how many people the plan will cover. the cbo will -- may exactly 24 million but i suspect the gn on it is right it will cost a lot of people to lose coverage. >> there are, the republicans need, if they lose 24 votes in the house. there are 34 members of the freedom caucus, they can kill it t. is it likely to pass the house as is? >> i would not want to predict. its going to be tough. one reason its hard it bring the people on board is they are getting mixed signal...
March 13, 2017
Report. and its got a lot of bad news in here for the republicans sponsor of the bill. >> republicans doesnt like the bill? >> suddenly they dont. paul ryan had a statement that was friendlier towards the cbo. this has been a strategy of undercut the institution. you see trump doing that frequently when he thinks the numbers are going to support the sales job he has to go out and do. unfortunately, for donald trump theres a point he wants the cbo on their side. >> in all fairness, the cbo tries ...
March 13, 2017
According to cbo in 2018 would be -- that number spiking to 24 million by 2026. the new bill will reduce deficit by $337 billion through 2026. today tom price responding to the cbo findings. >> we disagree with the report that was put out. we believe our plan will cover more at lower cost and give them the choices they want for their family notice that the government forces them to buy. >> moments ago democrats responding to the report. >> some of them are saying discrediting the bo and others e...
March 13, 2017
To be lower income americans, they dont have that option. the affordable care act put in place a mechanism for pooling the risk. this bill takes some of that away. >> how can you score or determine a bill like this? -- hhs to do the regulation we have 20,000 pages with all regulations, how can you score something like that had its so much going to be done with the bill once had leaves capitol hill? >> part of what they have to do is assess how the federal government branchs, the agencies will ad...
Unknown Date
It. bad. >> joining me cbo director under president obama. >> thank you. >> before we get into number who is cbo? >> the congressional budget office works for congress to give them information before the congress makes policy decisions. >> in the case of gop bill, about how many people would you anticipate work scoring do they do it like several different ones, how do iwork? >> dozen of people work on this estimate that the cbo reported. thats traditional for such large and complicated pieces of...