|
|
![]() |
Topic Starter |
MVP
Join Date: Aug 2000
Casino cash: $15421
|
CBO Is Increasingly Skeptical About ObamaCare
The latest report from the Congressional Budget Office : Obamacare is going to be more expensive than the Obama administration thought, disrupt the marketplace more than they thought, and be tougher to implement than they thought.
The latest report from the Congressional Budget Office highlights a number of reasons why the CBO is concerned about the implementation of Obamacare. It boils down to this: Obamacare is going to be more expensive than the Obama administration thought, disrupt the marketplace more than they thought, and be tougher to implement than they thought. First, more expensive: The CBO significantly hiked the amount of money needed to fund the subsidies available through Obamacare's exchanges, hiking them by $233 billion. IBD explains: “The CBO's new baseline estimate shows that ObamaCare subsidies offered through the insurance exchanges — which are supposed to be up and running by next January — will total more than $1 trillion through 2022, up from $814 billion over those same years in its budget forecast made a year ago. That's an increase of nearly 29%. The CBO upped the 10-year subsidy cost by $32 billion since just last August.” Part of that is expecting more people in the exchanges thanks to employer dumping and more limited Medicaid expansion, but “The rest is largely the result of the CBO's sharp increase in what it expects the average subsidy will be. Last year, the CBO said the average exchange subsidy for those getting federal help when ObamaCare goes into effect next year would be $4,780. Its latest estimate raised that to $5,510 — a 15% increase. All these numbers are up even more from the CBO's original forecast made in 2010, which had the first-year subsidy average at $3,970.” Second, more disruptive: More employees will be dropped from their existing plans and fewer uninsured people will get coverage. The WSJ explains: “The CBO has long said it expects the new federal health law will prompt some companies to drop millions of employees from health plans because workers have new options to buy insurance on their own. In August, CBO put the number at four million over 10 years. Now it’s seven million. What changed? Nothing about the health law. Rather, the cliff deal that was enacted in January. When CBO crunched the numbers in August, it assumed that no cliff deal would be reached and higher tax rates would kick in. Economists typically assume that higher tax rates mean that more people are offered, and accept, employer-provided health benefits, says Paul Fronstin, a senior research associate at the Employee Benefit Research Institute. That’s because health benefits are tax-deductible for companies, and so are any premiums that the employee is required to contribute.” Third, more difficult to implement: The CBO isn't buying the administration's repeated assurances that everything will be ready to go on time when it comes to the health insurance exchanges. From the report: “CBO and JCT [Joint Committee on Taxation] have slightly reduced their estimates of the rates at which people will enroll in the insurance exchanges or Medicaid as the expansion of coverage is implemented—a process that had already been anticipated to occur gradually. That change reflects the agencies’ judgment about a combination of factors, including the readiness of exchanges to provide a broad array of new insurance options, the ability of state Medicaid programs to absorb new beneficiaries, and people’s responses to the availability of the new coverage.” National Journal explains: “Publicly, administration officials have promised that the new exchanges will be ready on time… But the CBO report expresses skepticism… In plain language, that means CBO thinks the marketplaces won’t have many insurance choices, the Medicaid enrollment systems will not be ready for new people to enroll, and people will be less enthusiastic about signing up for new insurance options.” Taken together, this is a report that shows how already, Obamacare is failing to match the hopes of its creators in many respects. Expect this trend to continue in future years. This is going to be a lot of political fractiousness and market disruption over a policy which may ultimately end up nudging the insured percentage up only slightly. http://www.realclearpolitics.com/art...re_116951.html |
Posts: 12,314
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#2 |
Still Dicking Bimbos At Home
Join Date: Sep 2005
Location: Columbia, Mo
Casino cash: $19199
|
Whodathunkit?
__________________
"If there's a god, he's laughing at us.....and our football team..." |
Posts: 30,597
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#3 |
Veteran
Join Date: Oct 2012
Casino cash: $19777
|
Not sure yet if NRA, Bush, or racism is to blame.
__________________
Adopt-A-Chief- Rachel Santschi
![]() |
Posts: 2,804
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#4 |
DELETE! DELETE! DELETE!
Join Date: Oct 2008
Location: TECKSIS
Casino cash: $30852
|
its racism and anti gayness
__________________
You are my obsolete mule. I am broken brilliance. Aaah Brother Nero, I knew you'd come! ![]() |
Posts: 27,871
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#5 |
Veteran
Join Date: Oct 2012
Casino cash: $19777
|
ah i forgot that they teamed up. Damn gacists ruining this country!
__________________
Adopt-A-Chief- Rachel Santschi
![]() |
Posts: 2,804
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6 |
**** SOC & **** YOU
Join Date: Jan 2006
Location: Chiefs Hell
Casino cash: $18314
|
|
Posts: 19,884
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#7 |
Dean Spanos is a Traitor
Join Date: Oct 2012
Casino cash: $13654
|
Gee, you don't say. Pretty sad it took them this long to realize the blindingly obvious.
__________________
![]() Disclaimer: my username refers to the SAN DIEGO Chargers only. I will never cheer for the LA Chargers as long as the Spanos family owns the team. |
Posts: 3,433
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#8 |
Arf! Arf! Arf!
Join Date: Dec 2007
Location: North
Casino cash: $34273
|
ThatGuy will be in here looking for the Klan meeting soon
__________________
2013 ADOPT A CHIEF Eric Kush ![]() "Often is a word I seldom use"--JP |
Posts: 25,211
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#9 |
Supporter
Join Date: Jan 2004
Location: Liberty
Casino cash: $21451
|
If you like your insurance, you can keep it.
|
Posts: 11,070
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#10 |
Make America Great Again!!!
Join Date: Mar 2005
Location: KCMO
Casino cash: $22354
|
and you can enjoy the spiked premium costs too!!!
__________________
2018 Adopt-A-Chief: #87 Travis Kelce ![]() |
Posts: 34,817
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#11 |
America is great assholes~
Join Date: Sep 2001
Location: In some people's mind~
Casino cash: $28090
|
It sounds like they finally done reading it~
__________________
The Trump campaign and Black Lives Matter movement are perfect for each other. Both sides filled with easily led and angry nitwits convinced they are victims~ |
Posts: 31,085
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#12 |
Be HEALED!!!!!!!
Join Date: Feb 2002
Location: Pale(Chloros) ville
Casino cash: $23281
|
__________________
"Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father ... And then will I profess unto them, I never knew you: depart from me, ye that work iniquity." "If the people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." - Thomas Jefferson |
Posts: 27,392
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#13 |
MVP
Join Date: Aug 2000
Casino cash: $15421
|
I'm sure glad I didn't find this on the Drudge Report or Ereckshun would be able to tell us that the CBO is just an arm of the NRA.
|
Posts: 12,314
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#14 |
Bucs, Pats, Noles
Join Date: Apr 2006
Location: None of your business
Casino cash: $70063
|
That and Krugman now admits death panels will be necessary afterall. Plus VATS.
These people can't all be stupid—just lying sacks. Like most commies and Progs. http://www.examiner.com/video/paul-k...o-death-panels
__________________
![]() “Preventive war was an invention of Hitler. I would not even listen to anyone seriously that came and talked about such a thing.” ~ Dwight D. Eisenhower |
Posts: 98,378
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#15 |
Veteran
Join Date: Oct 2012
Casino cash: $19777
|
So its my understanding that older people will be turned down for expensive procedures because they are near the end of thier lifespan correct? Much like a certain age car with certain mileage can be totaled easily... And people are excited about this.
__________________
Adopt-A-Chief- Rachel Santschi
![]() |
Posts: 2,804
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() ![]() |
Thread Tools | |
Display Modes | |
|
|