You Really Should Bookmark Keith Hennessey

To stay informed on all things economic:

In the spirit of informed and vigorous debate, let’s look at what the President said about the pending legislation at yesterday’s Portsmouth town hall.

THE PRESIDENT: Now, let me just start by setting the record straight on a few things I’ve been hearing out here — (laughter) — about reform. Under the reform we’re proposing, if you like your doctor, you can keep your doctor. If you like your health care plan, you can keep your health care plan.

And yet here is what CBO said about the House bill:

In addition, CBO and the JCT staff estimate that nearly 6 million other people who would be covered by an employment-based plan under current law would not have such coverage under the proposal. That figure includes part-time employees, who could receive subsidies via an exchange even though they have an employer’s offer of coverage, and about 3 million people who would not have an employer’s offer of coverage under the proposal. Firms that would choose not to offer coverage as a result of the proposal would tend to be smaller employers and those that predominantly employ lower-wage workers—people who would be eligible for subsidies through the exchanges—although some workers who were not eligible for subsidies through the exchanges also would not have coverage available through their employers. Whether those changes in coverage would represent the dropping of existing coverage or a lack of offers of new coverage is difficult to determine. (p. 5)

Hennessey is even wonkier than Delaware Libertarian, if that's possible. But if you want details as opposed to banners, Keith Hennessey should be on your list as a must-read.