About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

Letter to the Honorable Max Baucus [i] (July 2007)

handle is hein.congrec/cbo8108 and id is 1 raw text is: O CONGRESSIONAL BUDGET OFFICE Peter R. Orszag, Director U.S. Congress Washington, DC 20515 July 30, 2007 Honorable Max Baucus Chairman Committee on Finance United States Senate Washington, DC 205 10 Dear Mr. Chairman: In response to your letter, the Congressional Budget Office (CBO) has estimated the impact on the number of uninsured children of the Administration's fiscal year 2008 budget proposal that would replace virtually all of the current tax preferences for health insurance with a new standard deduction for taxpayers who buy a qualifying health insurance plan. Earlier this year, CBO estimated that enacting the proposal would result in a net decrease of about 6.8 million in the number of uninsured people. (See Appendix C of CBO's March 2007 An Analysis of the President's Budgetary Proposals for Fiscal Year 2008.) Most of that reduction would result from otherwise uninsured adults purchasing coverage in the individual (nongroup) market, many of whom would find that the new tax deduction offset a substantial part of their insurance premium. The estimated net reduction of 6.8 million people includes a net decrease in the number of uninsured children of fewer than 0.5 million. That estimated reduction in the number of uninsured children is largely the result of two offsetting effects-some otherwise uninsured children would be covered by new family policies, and some otherwise insured children (covered by their parents' employer-based policy under current law) would be uninsured under the proposal because their parents' employer would not offer coverage. I hope that this inform-ation is useful to you. If you have any questions, please feel free to contact me at (202) 226-2700. The staff contacts at CBO are David Auerbach and Stuart Hagen, both of whom can be reached at (202) 226-2666. Sncerely, Peter R. Orszag cc: Honorable Charles E. Grassley Ranking Member www.cbo.gov

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most