White House Budget Director Peter Orszag says the recent CBO analysis is biased toward exaggerating the costs of Obamacare.
Orszag was the director of the Congressional Budget Office from January 2007 to November 2008.
CNN reported, via Free Republic:
The White House has criticized the Congressional Budget Office’s findings that the Obama administration’s proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.
White House Budget Director Peter Orszag said the CBO’s analysis — which it relayed to House Majority Leader Steny Hoyer on Saturday — could feed a perception of the office’s bias toward “exaggerating costs and underestimating savings.”
“The point of the proposal … was never to generate savings over the next decade,” Orszag said in a letter posted on Saturday.
“Instead the goal is to provide a mechanism for improving quality of care for beneficiaries and reducing costs over the long term.”
CBO Director Doug Elmendorf’s letter to Hoyer on Saturday was in response to the Senate Majority Leader’s request for analysis on “possible approaches for giving the President broad authority to make changes in the Medicare program,” Elmendorf wrote.
Yesterday, Legal Insurrection posted the devastating CBO letter to Majority Leader Steny Hoyer:
CBO 07-25-IMAC
