The long-term-care provisions of the Senate Health, Education, Labor and Pensions Committees healthcare reform bill would save $59 billion over 10 years, Sen. Christopher Dodd (D-Conn.) announced.
Dodd indicated that more work needed to be done on this initial estimate from the Congressional Budget Office of the long-term-care provisions, and for that reason, he would hold off on negotiations on this section of the bill until those estimates were completed. Not everyone on the panel was heartened by this evidence of savings from the long-term care provisions.
The nations unfunded liability burden, which comes mainly from entitlement programs such as Medicaid, currently adds up to $60 trillion, and this bill, once fully assessed, would add more than $2 trillion to that liability, according to Sen. Judd Gregg (R-N.H.). This is fiscally irresponsible.
Gregg in general deemed the bill a failure, claiming that 30 million people would not have health insurance under its provisions, not a huge improvement from the current figure of 47 million uninsured.
Dodd, whos temporarily chairing the HELP panel, conceded that earlier CBO numbers projecting portions of the bills cost at $1 trillion, did produce sticker shock, but the goal has since been to get those numbers down.