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Posted on Thursday, May 1, 2008

Financial analysis confirms Healthy Americans Act saves money

A new outside financial analysis has found that Senator Wyden’s Healthy Americans Act would break even in its first full year of operation - and then create budget surpluses after that.

Accordint to the analysis done by the Congressional Budget Office and the Joint Commitee on Taxation:

Overall, our preliminary analysis indicates that the proposal would be roughly budget-neutral in 2014. That is, our analysis suggests that your proposal would be essentially self-financing in the first year that it was fully implemented. ...

For the years after 2014, we anticipate that the fiscal impact would improve gradually, so that the proposal would tend to become more than self-financing and thereby would reduce future budget deficits or increase future surpluses.

Read the coverage in the Oregonian.  Or, dive in to the full report (pdf). 

And then, watch the Care You Keep video for a more light-hearted look at why universal health care is so important.