July 20, 2009 CNBC’s Squawk Box Congressman Paul Ryan (WI-01) Howard Dean, former governor of Vermont John Sheils, The Lewin Group – Paul Ryan: Governor, the Congressional Budget Office [CBO] is telling us that the House bill doesnt address health inflation. Youve been very outspoken on that, and I want to compliment you on that, but the House bill doesnt address health inflation. According to the CBO, the expenses of the public plan go up 8% a year – thats more than even Medicare and Medicaid grow. So what the CBO is telling us is were creating a huge new unfunded liability that even if this thing is paid for in the first ten years [which it wont be], after that youre going to a massive new unpaid-for entitlement on top of all the other ones weve already got. It wont address health inflation. I worry that were not actually addressing the root cause of our problem, which is health inflation, which you and I really want to tackle.
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