CBO Reports ObamaCare To Cost Billions Less Than Projected
The Republicans are weeping for the second time in a week as the Congressional Budget Office (CBO) releases its latest estimate of ObamaCare’s effects, and the news is heartening for the administration.
From The Week:
The health care law will cost $104 billion less than previously projected over the next decade. In 2014 alone, the revised projection shows the law costing $5 billion less than previously estimated.
That finding indicates the law is working a little better than anticipated at driving down health care costs, with the projected savings coming mostly as a result of lower spending for tax subsidies in the law and through cheaper premiums. Though premiums are still expected to go up relative to where they were pre-ObamaCare, the increase is estimated to be less significant.
The news comes one week after Gallup reported that the uninsured rate had fallen to 15.6 percent, its lowest level since 2008. Taken together, the two findings are by no means indicative that ObamaCare is already a resounding success. Yet they both poke holes in the arguments from ObamaCare critics who feared the law would implode beneath spiraling premiums and lackluster participation.
About Post Author
Carol Bell
More Stories
What in the World Happened to the Ginger Kitten?
The abrupt sound of multiple barks pierced the stillness of the night. It was an unsettling deviation from their customary...
Warning: Be Careful When Walking Your Dog In Alligator Country
Mike McCoy has read up a bit on alligator attacks and he knew what to do if you find yourself in one—and good thing too.
MadMikesAmerica To Remain Open For Business
We are staying open. MMA may not be as active as it once was, but why close this one, with all those articles still available to read, and maybe more to come?
Fox News Guest: Ghoulish Trump Has Blood On His Hands
Rep. Brad Sherman (D-CA) told Fox News on Sunday that former President Donald Trump is guilty of a “ghoulish” attempt to undermine the economy by downplaying the need for Covid-19 vaccinations.
Disgusting Ted Cruz Forgets History of Conservatives Like Elvis Promoting Vaccines
Recently, the beloved Sesame Street character Big Bird went on television and social media to promote COVID-19 vaccines. For anyone who has been conscious for at least a few years, celebrities—especially ones with larger fanbases amongst the youth of the country—promoting public health initiatives is not surprising. It has been going on forever and ever.
Crazy Louie Gohmert: Climate Action Would Force Us To Brush Our Teeth With Bark
[caption id="attachment_187456" align="aligncenter" width="615"] Getty images[/caption] by Aldous J. Pennyfarthing How the hell did Republican Louie Gohmert of Texas ever become...
Told you! If you don’t want him anymore just send him right over here!
Math is pure, although I once read a statistician can draw a straight line from an unwarranted assumption to a foregone conclusion. Regardless, as a democrat, and an American taxpayer, I’m glad to see this information.
More damned statistics.