Rep. Garamendi, California’s First Elected Insurance Commissioner, Says CBO Estimate Ends Excuses to Delay Health Care Reform
WASHINGTON, DC – Congressman John Garamendi (D-Walnut Creek, CA) today is pleased to read the nonpartisan Congressional Budget Office’s preliminary estimate on the health care reform proposal being considered by the House this week. The CBO estimates that it would cover 32 million Americans while reducing the deficit by $1.2 trillion over 20 years. It costs $940 billion over 10 years. Garamendi, a former State Insurance Commissioner, today issued the following statement:
"Today’s cost estimate by the nonpartisan Congressional Budget Office confirms what we already expected: the health care bill being considered by Congress will expand coverage to millions of Americans while significantly reducing our deficit. With these numbers, the naysayers and obstructionists have run out of excuses. We know how many people it will extend lifesaving coverage to, and we know how significantly it improves our economy.
"Every member of Congress faces a career-defining question: do you stand with the 32 million Americans who would finally be able to attain coverage under this plan, or do you stand with the insurance companies? I know where I stand. For the 9,000 people in my district with preexisting conditions who will finally be able to attain coverage, I’m voting for health care reform."