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http://www.businessweek.com/articles/2014-04-14/more-good-news-on-obamacare-just-when-democrats-need-it#r=read
As the chart below from the CBO report shows, this is not the first time that the Affordable Care Act’s cost estimates have fallen:
When will you stop buying liberal propaganda?
ReplyDelete"The findings, by Congress's nonpartisan spending analysts, result largely from the fact that insurance companies have redesigned plans on the government-run exchanges to shave costs. CBO found that individual policies on those marketplaces have narrower networks of doctors and lower reimbursement rates for health-care providers than is typical of employer-sponsored health plans.
As a result, CBO expects the federal government to spend about $165 billion less over the next decade on subsidizing health-insurance plans for lower earners than the office projected two months ago. Total spending on those subsidies is projected at $1.032 trillion between 2015 and 2024. The report was part of a broader federal spending update released Monday".
"CBO still sees premiums rising over the next decade"
"The office said the average size of a federal subsidy for each enrollee getting one in 2015 will be $4,250, rather than $5,330. In 2024, that will increase to $7,170, instead of $8,370, according to the new projections".
"The CBO continues to project that there will be around 31 million uninsured in the U.S. in 2024".
http://online.wsj.com/news/articles/SB10001424052702303887804579501684279691284
The ACA is working dramatically better than critics predicted and is on track to save the USA tens of billions.
DeleteUmmm ... how is a program that costs trillions saving money? How is a program that doubles and triples the premiums on the middle class saving money? How is a program that will give illegals free insurance saving money?
DeleteDo you have the slightest clue how much we spend every year on social programs?
It's not working at all. Most of the signups were either Medicaid or people who had their previous insurance (which they liked) cancelled. It can't work. It's economically impossible unless you dramatically raise taxes on EVERYONE ... to 50% or more. Even then, just like all government programs will deliver crappy and extremely inefficient service.