Obamacare’s cost to be 11% less than projections

by confuzzled dude Mon Mar 09, 2015 1:54 pm

The estimated cost of President Obama's signature health care law is continuing to fall.

The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January.

The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The first, and most significant, is that health insurance premiums are rising more slowly, and thus requires less of a government subsidy.

In addition, slightly fewer people are now expected to sign up for Medicaid and for subsidized insurance under the law's marketplaces. That's because the agency now says that more people than anticipated already had health insurance before the law took effect, and fewer companies than anticipated are canceling coverage. All in all, three million fewer people are expected to sign up for Affordable Care Act provisions by 2025.

Still, by 2025, the CBO estimates "the total number of people who will be uninsured ... is now expected to be smaller than previously projected," because more will have had health insurance to begin with.

All around, it's positive news for Obama's law, which has been accused by Republicans of killing jobs and draining federal coffers. Indeed, the CBO itself warned last year the health care law could reduce full time employment as some chose to give up work that provided health care as they relied instead on the government's subsidies.

http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/09/obamacares-cost-is-falling-as-fewer-receive-coverage-under-health-care-law-cbo-says/?hpid=z1

by confuzzled dude Tue Mar 10, 2015 9:15 pm

by southindian Wed Mar 11, 2015 9:25 am

Person A: Blame Obama. Blame Obama for US disasters

Person B:
Did you hear Healthcare costs will be down because of Obamacare.
Do you know millions more will now have healthcare.
Did you see better job numbers every month.
Did you hear about unemployment rate going down.
Did you see $ becoming stronger than Euro.
Do you know US exports are up every year.
Did you follow inflation under check in USA compared to other countries.
Did you know Russia's economy down because of US pressure.
Did you know US can soon become highest producer of Oil.
Did you know Auto Industry has rebounded.
You must have surely heard Obama took out Bin Laden.
Are you aware of fewer soldiers deaths.

Person A: May be. But lets blame Obama. He's just lucky. Smile

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Obamacare’s cost to be 11% less than projections

Obamacare’s cost to be 11% less than projections

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