President Obama has made controlling health care costs the focal
point of his drive for health care legislation, and has made the
counterintuitive argument that the federal government can save
money while paying to cover tens of millions of more Americans.
But under questioning from Democratic Sen. Kent Conrad today, the
director of the Congressional Budget Office, Doug Elmendorf,
testified that the current Democratic health care plans do
nothing to control costs -- in fact, their proposed changes would
add to costs:
Conrad: Dr. Elmendorf, I am going to really put you on
the spot because we are in the middle of this health care
debate, but it is critically important that we get this
right. Everyone has said, virtually everyone, that
bending the cost curve over time is critically important and
one of the key goals of this entire effort. From what you
have seen from the products of the committees that have
reported, do you see a successful effort being mounted to bend
the long-term cost curve?
Elmendorf: No, Mr. Chairman. In the legislation
that has been reported we do not see the sort of fundamental
changes that would be necessary to reduce the trajectory of
federal health spending by a significant amount. And on
the contrary, the legislation significantly expands the federal
responsibility for health care costs.
ABC's the Note has the
full exchange.