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re: CBO: Obamacare will have lower premiums, insure more, and cost government less

Posted on 4/14/14 at 3:13 pm to
Posted by wickowick
Head of Island
Member since Dec 2006
45848 posts
Posted on 4/14/14 at 3:13 pm to
quote:

* "12 million more nonelderly people will have health insurance in 2014 than would have had it in the absence of the ACA;"


How is it possible that Obamacare signs up at best 7 million, yet provides insurance to 12 million new people? Is this Common Core math?
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7544 posts
Posted on 4/14/14 at 3:30 pm to
I liked this portion on page 17.

quote:

CBO and JCT project that, as a result of
the ACA, between 7 million and 8 million fewer people
will have employment-based insurance each year from
2016 through 2024 than would have been the case in the
absence of the ACA.

quote:

quote:

In 2019, for example, an estimated 13 million people
who would have enrolled in employment-based coverage
in the absence of the ACA will not have an offer of such
coverage under the ACA;


That shift in compensation will boost federal
tax receipts. Partially offsetting those added receipts
will be an estimated $7 billion increase in Social Security
benefits that will arise from the higher wages paid to
workers. All told, CBO and JCT project, those effects
will reduce federal budget deficits by $152 billion over
the 2015–2024 period.



So the long term goal is to reduce employer sponsered insurance to capture that tax benefit. That will create a small increase in SS benefits for the very poor, but the net loss to workers saves the government $152 billion over 10 years.

Frick this law.

That is basically $152 billion out of the pockets of the middle class. The upper will still have employer sponsered plans.

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