In the aggregate, the Senate finance bill reduces the deficit. But there are a couple individual years when it increases it. The CBO thus estimates that "the failsafe provisions would require a reduction in exchange subsidies averaging about 15 percent during the years 2015 through 2018." That's a very bad thing, particularly in the first years of the plan. It means that, with no warning, subsidies will be cut by 15 percent, and insurance that families were able to afford the year before will become totally unaffordable. That needs to be changed.In other words, Baucus's health care plan won't reduce the deficit as much as we think, or maybe at all, because the CBO assumes services would be dramatically cut for four of the ten years it surveyed. This was some serious ammunition to hand to opponents of health care reform. But that didn''t stop Klein from calling our attention to it. By cutting against liberal orthodoxy--even when it could damage the health care agenda at a time when it looks most achievable--Klein offered a model of intellectually responsible and honest commentary.
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