Chamber Of Commerce Should "Start Over" On Another Ad

November 25, 2009 11:42 am ET

The Chamber of Commerce's Employers for a Healthy Economy has issued a new ad called "Start Over."  The Chamber needs to take its own advice, however, and start over on a new ad to include some facts.

Employers For A Health Economy Ad, "Start Over"

Start Over: "An economy in crisis.  Families struggling.  And now, a health care bill from Congress that makes health care costs go up even more.  Hundreds of billions in new spending [on screen text: "1.2 Trillion Federal Deficit"] as our future sinks further into debt.  Call Congress.  Tell them this health care bill is a bill you can't afford to pay." [YouTube, 11/24/09]

Chamber Wrong On Health Care Reform's Effect On The Economy

Senate Health Care Bill Will Reduce Deficit By Over $120 Billion In Ten Years.  According to the Associated Press, the Senate health care reform "bill would reduce deficits by $127 billion over a decade and by as much as $650 billion in the 10 years that follow." [Associated Press via MSNBC, 11/18/09]

CBO: Democratic Bill Would Cost $1 Trillion, Cut Deficit By $109 Billion. According to the Congressional Budget Office's analysis of the Democratic health care plan:

Reflecting the change noted above, CBO and the staff of JCT now estimate that, on balance, the direct spending and revenue effects of enacting H.R. 3962, incorporating the manager's amendment, would yield a net reduction in federal budget deficits of $109 billion over the 2010-2019 period.

[...]

The estimate includes a projected net cost of $891 billion over 10 years for the proposed expansions in insurance coverage. That net cost itself reflects a gross total of $1,052 billion in subsidies provided through the exchanges (and related spending), increased net outlays for Medicaid and the Children's Health Insurance Program (CHIP), and tax credits for small employers; those costs are partly offset by $167 billion in collections of penalties paid by individuals and employers. [CBO, 11/6/09; emphasis added]

The Democratic Bill "Covers 12 Times As Many People And Saves $36 Billion More Than The Republican Plan."  The Washington Post's Ezra Klein wrote: "According to CBO, the GOP's alternative will shave $68 billion off the deficit in the next 10 years. The Democrats, CBO says, will slice $104 billion off the deficit. The Democratic bill, in other words, covers 12 times as many people and saves $36 billion more than the Republican plan." [Washington Post, 11/5/09]

Democratic Health Care Reform Stands To Save American Families Thousands Of Dollars

CBO: House Bill Will Result In Lower Costs For American Families.  The Congressional Budget Office estimated that in 2016, premiums will be $5,300 for an individual and $15,000 for a family of four in the Exchange.  Without reform, the average family premium is expected to grow to $24,000. [Congressional Budget Office, 11/2/09; House Education and Labor Committee, 11/2/09]

A Family Of Four Earning $78,000 Saves $1,320 In Premiums Under The Democratic Plan Compared To The GOP Plan. According to the Congressional Budget Office, a family of four earning $78,000 would pay $8,800 in premiums in 2016 under reform compared to $10,120 under the Republican plan, a savings of $1,320. [CBO, 11/2/09; New York Times, 11/3/09; CBO analysis the Republican Alternative]

A Family Of Four Earning $66,000 Saves $3,820 In Premiums Under The Democratic Plan Compared To The GOP Plan.  According to the Congressional Budget Office, a family of four earning $66,000 would pay $6,300 in premiums in 2016 under reform compared to $10,120 under the Republican plan, a savings of $3,820. [CBO, 11/2/09; New York Times, 11/3/09; CBO analysis the Republican Alternative]

A Family Of Four Earning $54,000 Saves $6,220 In Premiums Under The Democratic Plan Compared To The GOP Plan. According to the Congressional Budget Office, a family of four earning $54,000 would pay $3,900 in premiums in 2016 under reform compared to $10,120 under the Republican plan, a savings of $6,220. [CBO, 11/2/09; New York Times, 11/3/09; CBO analysis the Republican Alternative]

A Family Of Four Earning $42,000 Saves $8,220 In Premiums Under The Democratic Plan Compared To The GOP Plan. According to the Congressional Budget Office, a family of four earning $42,000 would pay $1,900 in premiums in 2016 under reform compared to $10,120 under the Republican plan, a savings of $8,220. [CBO, 11/2/09; New York Times, 11/3/09; CBO analysis the Republican Alternative]

A Family Of Four Earning $30,000 Saves $9,620 In Premiums Under The Democratic Plan Compared To The GOP Plan. According to the Congressional Budget Office, a family of four earning $30,000 would pay $500 in premiums in 2016 under reform compared to $10,120 under the Republican plan, a savings of $9,620. [CBO, 11/2/09; New York Times, 11/3/09; CBO analysis the Republican Alternative]

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