Latest Analysis by CBO Indicates Fair Act Adequately Funded
December 20, 2005
WASHINGTON -- According to a recent analysis by the Congressional Budget Office (CBO), the $140 billion price tag attached to S. 852 is sufficient to cover total claimant compensation.
The CBO analysis also attacks a privately funded Bates White study, which concluded that the fund would need $300 billion to satisfy claims.
A CBO analysis of the Bates Whites study found overestimates of the number of claims, including pleural abnormalities and of the overall population exposed to asbestos.
'To be clear, the current asbestos litigation system completely and utterly fails victims who have become ill as a result of asbestos …
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