Congressional Republicans released their new healthcare law this week, and it received President Trump’s blessing. How will it affect our country’s economy?
The Congressional Budget Office (CBO) serves to help estimate the cost of legislation. When a new law is proposed, it goes to the Congressional Budget Office (CBO), a bipartisan agency, so it can be looked over and analyzed for its financial impact on the country.
On this week’s Bold TV episode, we talked to Doug Elmendorf, who was the director of the CBO for six years. He also is currently the Dean of Harvard Kennedy School of Government. We, of course, were honored to have him.
Doug joined us to talk about healthcare in the United States: what went right and what went wrong with Obamacare and what may happen with “Trumpcare.”
Since the Republican healthcare law is so new, there isn’t a CBO report on it yet. Still, we can look back on the CBO analysis of Obamacare to get an idea of what the coming report may look like. During Doug’s time at CBO, he worked worked with people from both sides of the aisle on healthcare reform.
“I’ve lived through a lot of this. And I feel a little sorry for my colleagues who are living through it now because the pressures are intense,” he said, referring to the stress of analyzing such a complex topic while lawmakers are impatiently waiting for the CBO’s reports.
Doug joined Bold TV anchors Carrie Sheffield and Clay Aiken to discuss how the CBO analyzes and “scores” a proposed law and the difference between static and dynamic scoring, and why we should care about all this.
If this topic feels confusing or overwhelming, don’t worry, we got you. And Clay is right there with you, saying, “Let’s dumb it down for me” several times during this segment (lol). Watch the conversation below to get an overview on this topic and read our article to learn everything you need to know about “Trumpcare.”
Watch here or on our Facebook page.