Steny Hoyer’s office says yes:
The Congressional Budget Office has long been a pivotal, though indirect, player in Congressional politics, but it’s hard to think of a time when a bill has hinged so precariously on its findings. This morning, reports areÂ trickling out of Democratic offices, includingÂ Whip Steny Hoyer’s, that the CBO score (which will be officially released this afternoon) contains some pretty good news for health reform proponents.
Marc Ambinder says apparently:
Apparently, the CBO says that the bill would reduce Medicare expenditures by about 1.4% per year, extending the solvency of the program by nine years. Thirty-two million Americans will be covered — about 95% of all those eligible. The cost over decade one: $940 billion. The release today will help Speaker Nancy Pelosi fulfill her promise of providing 72 hours to review the bill before the vote, which is on tap for Sunday.
Rep. Paul Ryan says no (PDF):
The Congressional Budget Office has confirmed that there is currently no official cost estimate.Â Yet House Democrats are touting to the press â€“ and spinning for partisan gain â€“ numbers thatÂ have not been released and are impossible to confirm. Rep. James Clyburn stated he wasÂ â€œgiddyâ€ about these unsubstantiated numbers. This is the latest outrageous exploitation by theÂ Majority â€“ in this case abusing the confidentiality of the nonpartisan Congressional BudgetÂ Office â€“ to pass their massive health care overhaul at any cost.
If ObamaCare passes, it is hard to take seriously the claim that Obama will ever be able to stand-up to our creditor nations (India, China, Japan, etc.)? He already is disrespected (if liked) throughout the world. If ObamaCare passes, and the largest increase in the welfare state in two generations becomes law, he will be a laughing stock, as well.
Update: The CBO itselfs weighs in (PDF):
Although CBO completed a preliminary review of legislative language prior to itsÂ release, the agency has not thoroughly examined the reconciliation proposal to verify itsÂ consistency with the previous draft. This estimate is therefore preliminary, pending aÂ review of the language of the reconciliation proposal, as well as further review andÂ refinement of the budgetary projections.