The Actuary on the House Bill
Keith Hennessey summarizes the actuary's report on the House healthcare reform bill:
• The bill would mean almost 30 M new people in government-run insurance, more than four times as many as would be newly insured through private coverage.
• By far the largest effect of the bill would be to enroll more than 23 M new people in two existing government programs, Medicaid and S-CHIP. Medicaid is today widely regarded as fiscally unsustainable before adding more people.
• Foster estimates that 18 M people would remain uninsured and have to pay the penalty tax. These people are clearly worse off than they would be under current law.