Welcome!

News Feed Item

Budget Committee Members Seek More Accurate, Long-Term Picture from CBO

More than 60 Top Economists Support Bipartisan Proposal to Prompt Long-Term Cost Analyses of U.S. Health Care Policy

WASHINGTON, April 9, 2014 /PRNewswire/ -- On the eve of House action on the budget resolution, Representatives Reid Ribble (R-WI), Mark Pocan (D-WI) and other House Members proposed a standalone measure to enable Members of Congress to get a fuller picture of the costs and benefits of health care and other legislation.  Currently, the Congressional Budget Office (CBO) provides a 5- or 10-year assessment of the budget effects of policy proposals, limiting Congress' understanding of how various preventive health and other measures play out economically over longer periods of time.

Campaign to End Obesity Action Fund.

"A 10-year budget window is simply not capable of capturing the total benefit of federal health research and prevention programs," said Representative Ribble.  "We must ensure that those charged with estimating the impact of future health care legislation have the requisite tools to do so.  Our legislation provides the necessary tools to accomplish this."

The Ribble/Pocan proposal – called the "Long-Term Studies of Comprehensive Outcomes and Returns for the Economy Act" (or "Long-Term SCORE" Act) – would enable any Member of Congress to request a budget analysis of 50 years or longer to better understanding the economics of a policy proposal, and would prioritize long-term "scoring" within the CBO.

Immediately, 65 of the nation's leading economists, including those affiliated with Wharton, Amherst, Princeton and Vanderbilt University, issued a statement of support, saying that the current 10-year or shorter estimates produced by CBO are "incapable of capturing both the costs and the benefits of programs extending beyond the budget window. ... [W]e support reforming the Budget Act to allow for long-term analysis of prevention policies to ensure that such policies are more accurately judged on both their costs and benefits."

With three of every four U.S. health care dollars spent on caring for chronic conditions in the U.S. today, the proposal would enable Members of Congress to consider not only the up-front costs of programs to treat or prevent such diseases, but also the considerable economic benefits many measures may hold in years outside the traditional budget window.

A wide array of reports have demonstrated that preventing or reducing the prevalence of chronic illnesses such as obesity, diabetes, cardiovascular disease, cancer, arthritis and others may offer significant long-term savings to taxpayers.  "Today, however, Congress often misses the opportunity to invest in policies that will help mitigate these costly diseases and in doing so yield substantial economic returns down the road," said Stephanie Silverman, co-founder and Director of the CEO Action Fund.  "Had Congress been able to see in 1975 that health care costs would rise nearly 40 times, and that chronic disease care would account for three out of four of every health care dollars spent, we have to believe that policy makers would have made more targeted investments in prevention and treatment policies that might have saved trillions of dollars each year," she added.

For more information, please visit the Campaign to End Obesity Action Fund's website at www.obesityactionfund.org.

About the Campaign to End Obesity Action Fund
By bringing together leaders from across industry, academia and public health with policymakers and their advisors, the Campaign to End Obesity Action Fund advocates for needed policy changes to reverse the nation's costliest disease.

Logo - http://photos.prnewswire.com/prnh/20140123/PH51880LOGO

SOURCE Campaign to End Obesity Action Fund

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).