I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
The health care reform bill that was recently introduced by the U.S. House of Representatives “would result in a net reduction in federal budget deficits of $104 billion over the 2010–2019 period” if enacted, the Director’s blog at the Congressional Budget Office says.
The blog post reads, in part:
The estimate includes a projected net cost of $894 billion over 10 years for the proposed expansions in insurance coverage. That net cost itself reflects a gross total of $1,055 billion in subsidies provided through the exchanges (and related spending), increased net outlays for Medicaid and the Children’s Health Insurance Program (CHIP), and tax credits for small employers; those costs are partly offset by $167 billion in collections of penalties paid by individuals and employers. On balance, other effects on revenues and outlays associated with the coverage provisions add $6 billion to their total cost.
The full text of the CBO letter to House Ways and Means Committee Chairman Charlie Rangel, D-N.Y., is posted below.
House Democrats in favor of the health care legislation will surely be using the score from the CBO to try to push the health care reform bill in the coming weeks.
