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re: CBO: Obamacare will have lower premiums, insure more, and cost government less
Posted on 4/14/14 at 3:49 pm to ironsides
Posted on 4/14/14 at 3:49 pm to ironsides
quote:
Would be interested in seeing how their projections for 2014 worked out from 2010 / 2011. Anyone have any historical perspective on how accurate their projections are?
The March, 2012, CBO projection was that the net cost figure for 2014 would be $58B, compared to this new report's updated figure of $36B for 2014.
The 2014 figure is meaningless because, as the 2012 figure proved to be, the data input is more fluid than water.
Posted on 4/14/14 at 5:54 pm to NHTIGER
quote:It's all good.
The March, 2012, CBO projection was that the net cost figure for 2014 would be $58B, compared to this new report's updated figure of $36B for 2014.
The 2014 figure is meaningless because, as the 2012 figure proved to be, the data input is more fluid than water.
Insurance companies are set to reassess exchange plan costs for this fall's offerings.
We'll see soon enough if costs go up or down.
Insurance cost escalation this year was one of the largest ever, at the same time actual healthcare inflation was very low.
As pocketbooks talk, the political spin will walk.
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