- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
CBO: Obamacare will have lower premiums, insure more, and cost government less
Posted on 4/14/14 at 11:53 am
Posted on 4/14/14 at 11:53 am
CBO: Obamacare will have lower premiums, insure more, and cost government less than projected.
* Relative to their previous projections made in February 2014, CBO and JCT now estimate that the ACA’s coverage provisions will result in lower net costs to the federal government: The agencies currently project a net cost of $36 billion for 2014, $5 billion less than the previous projection for the year; and $1,383 billion for the 2015–2024 period, $104 billion less than the previous projections.
* Health insurance premiums are lower than CBO originally projected, saving the government $190 billion;
* "12 million more nonelderly people will have health insurance in 2014 than would have had it in the absence of the ACA;"
* The number of uninsured will fall to 30 million by 2017 and will remain there through 2024, absent other reforms;
* The projection made originally in 2012 that the ACA would reduce the deficit is still valid, and deficit reduction is greater than anticipated two years ago.
LINK
* Relative to their previous projections made in February 2014, CBO and JCT now estimate that the ACA’s coverage provisions will result in lower net costs to the federal government: The agencies currently project a net cost of $36 billion for 2014, $5 billion less than the previous projection for the year; and $1,383 billion for the 2015–2024 period, $104 billion less than the previous projections.
* Health insurance premiums are lower than CBO originally projected, saving the government $190 billion;
* "12 million more nonelderly people will have health insurance in 2014 than would have had it in the absence of the ACA;"
* The number of uninsured will fall to 30 million by 2017 and will remain there through 2024, absent other reforms;
* The projection made originally in 2012 that the ACA would reduce the deficit is still valid, and deficit reduction is greater than anticipated two years ago.
LINK
20
Posted on 4/14/14 at 11:54 am to Eurocat
quote:
Relative to their previous projections made in February 2014, CBO and JCT now estimate that the ACA’s coverage provisions will result in lower net costs to the federal government:
looks like someone got a phone call
Posted on 4/14/14 at 11:58 am to Eurocat
quote:
* The number of uninsured will fall to 30 million by 2017 and will remain there through 2024, absent other reforms;
We did all of this horseshite and still end up with a perpetual 30 million uninsured?
shite a brick and then frick me with it!
Wasn't there something like 37 separate "postponed" mandates? Will those have an effect?
quote:
, CBO and JCT now estimate that the ACA’s coverage provisions will result in lower net costs to the federal government:
What about individual citizens? Many had there costs skyrocket.
I am not opposed to ACA based upon "cost" alone. But, I think it is government overreach.
Posted on 4/14/14 at 12:00 pm to Choctaw
quote:
looks like someone got a phone call
CBO is non partisan. And not controlled by the Dems. They routinely come out with stuff that obama administration doesn't like.
As far as gov't goes, the CBO does good analysis although probably not as thorough as other NGOs.
Posted on 4/14/14 at 12:01 pm to Eurocat
good news, although... doc fix.
also, fwiw on those plans (i hope enrollees aren't surprised by this, pp 7-8):
also, fwiw on those plans (i hope enrollees aren't surprised by this, pp 7-8):
quote:
Effects of the Characteristics of Exchange Plans. The plans being offered through exchanges in 2014 appear to have, in general, lower payment rates for providers, narrower networks of providers, and tighter management of their subscribers’ use of health care than employment-based plans do.12 Those features allow insurers that offer plans through the exchanges to charge lower premiums (although they also make plans somewhat less attractive to potential enrollees).
Posted on 4/14/14 at 12:01 pm to Hawkeye95
quote:
They routinely come out with stuff that obama administration doesn't like.
and then they quickly "revise" their numbers
Posted on 4/14/14 at 12:01 pm to Hawkeye95
quote:
As far as gov't goes, the CBO does good analysis
wut?
Posted on 4/14/14 at 12:01 pm to Eurocat
quote:
* The number of uninsured will fall to 30 million
What do they mean fall to? Wasn't 30M the key number used as the reason we needed obamacare?
Posted on 4/14/14 at 12:02 pm to Eurocat
Who sponsored the study?
The CBO is just a giant calculator. They crunch the numbers they are given. I have no doubt the number are accurate but I would like to know the parameters of the study first.
The CBO is just a giant calculator. They crunch the numbers they are given. I have no doubt the number are accurate but I would like to know the parameters of the study first.
Posted on 4/14/14 at 12:03 pm to RockyMtnTigerWDE
quote:
What do they mean fall to? Wasn't 30M the key number used as the reason we needed obamacare?
I was just thinking that...
Posted on 4/14/14 at 12:04 pm to upgrayedd
quote:
I have no doubt the numbers are accurate
which numbers? the first ones...are the "revised" ones?
Posted on 4/14/14 at 12:04 pm to Eurocat
quote:
* The number of uninsured will fall to 30 million by 2017 and will remain there through 2024, absent other reforms;
wow
What a huge failure.
Posted on 4/14/14 at 12:05 pm to Hawkeye95
quote:
CBO does good analysis
Of the data they are fed and by the parameters set by those asking for their review.
Posted on 4/14/14 at 12:06 pm to Eurocat
Unfortunately, those projections will once again change next year.. Do you at least find it funny that the cbo is changing the projections year to year based on delays and administrator changes.. I find the whole idea of the cbo laughable as a true indicator of future cost because they are fed a different story nearly every quarter. The reality is the cbo is full of smart people who do good work for a bunch fools..
Posted on 4/14/14 at 12:08 pm to upgrayedd
I love these 30,000 feet "Obamacare is the magic elixir that only gets better" discussions.
Meanwhile, at ground level we pretend that millions of middle class Americans won't be devastated by their increased premiums, and that this won't devastate personal savings, retirement saving and the entire middle class consumer economy.
Great tree you got there. But did you notice the 50,000,000 acre forest behind it?
Meanwhile, at ground level we pretend that millions of middle class Americans won't be devastated by their increased premiums, and that this won't devastate personal savings, retirement saving and the entire middle class consumer economy.
Great tree you got there. But did you notice the 50,000,000 acre forest behind it?
Posted on 4/14/14 at 12:12 pm to Eurocat
quote:
* Health insurance premiums are lower than CBO originally projected, saving the government $190 billion
Which government? Federal or State? Would imagine Federal going down as a result of medicaid coverage increasing.
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?
Posted on 4/14/14 at 12:13 pm to TROLA
quote:
I find the whole idea of the cbo laughable as a true indicator of future cost because they are fed a different story nearly every quarter
I think they are right about costing the gov less once the people they lied about caring for begin to die from it at an alarming pace. With less people and the fact they collect more taxes in the name of health care will make those liberal dems richer.
Posted on 4/14/14 at 12:15 pm to Eurocat
They also said that Medicare would only cost $10 billion by 1990.
Posted on 4/14/14 at 12:17 pm to ironsides
The number of uninsured would fall well below 30 million of 24 states expanded their Medicaid programs. That was the plan all along to get the unisured number of folks really down. Texas alone could get one million people insured if they just expanded like 26 other states have done.
Posted on 4/14/14 at 12:17 pm to Eurocat
Show me one forecast made by the CBO that has been right. I'll wait patiently.
Page 1 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News