President’s Budget Assumes $150 Billion in Savings from Health Care Reform

[kpete]

Source: ABC News

President’s Budget Assumes $150 Billion in Savings from Health Care Reform

February 01, 2010 5:57 PM

Sen.-elect Scott Brown, R-Mass., or no Sen.-elect Scott Brown, President Obama’s budget projects $1.2 trillion in deficit reduction over the next decade – some of which comes from health care reform legislation.

“We took a very simple approach,” said Office of Management and Budget director Peter Orszag. “Since both the House and Senate had passed legislation, we took the average of the two” using numbers from the Congressional Budget Office.

That means the administration is counting on $150 billion in deficit reduction from a health care reform bill that is -- for now -- stalled in Congress with no clear path forward.

“We're one vote away from getting health care reform,” White House press secretary Robert Gibbs said. “We think it's good policy…The President has said we should be realistic about what our assumptions are, but also assume -- if we're going to propose something, I don't think it makes much sense to not assume that it should be in the budget.”

Read more: http://blogs.abcnews.com/politicalpunch/2010/02/presidents-budget-assumes-150-billion-in-savings-from-health-care-reform.html

[Lost4words]

1. Note to self, get high water boots ASAP!

[hay rick]

2. You'll need the boots.

But not for water.