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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObamacare is costing way less than expected
Obamacare is costing way less than expectedby Ezra Klein at Vox
http://www.vox.com/2015/2/2/7965911/obamacare-cost
"SNIP......................
In January 2010, the Congressional Budget Office projected that the federal health spending would total a bit more than $11 trillion between 2011 and 2020.
Today, the Congressional Budget Office thinks it made a mistake. Costs are coming in lower-than-expected, and the CBO's newest projections suggest the federal government will spend $600 billion less on health care than they predicted back in 2010.
So far, so good: projections are always wrong by at least a bit, and it's nice to have the extra $600 billion in America's pocket.
But here's the incredible thing: as Paul Van de Water, a health care expert at the Center on Budget and Policy Priorities, points out, the January 2010 projection didn't include any of the spending associated with Obamacare. The latest projections include all of the spending associated with Obamacare.
......................SNIP"
unrepentant progress
(611 posts)Yay! Imaginary savings. Also note that if you click through to the linked CBPP post, part of the "savings" is due to people spending less on healthcare because they have no money. Yay! Poverty saves!
Of course all this talk of costs and savings in context of Obamacare is ridiculous because the U.S. has a fiat currency. We can "spend" whatever our hearts desire because the government can always print more money.
Cha
(297,275 posts)like to project on the President.
Mahalo for the link, apple~
polynomial
(750 posts)The inevitable change in Health Care is going in a good direction no matter what the Republicans avoid, stall, or obstruct for improvement.
The merging of Health Care sections such as Medicare Plan ABCD is also an integral natural development into one plan.
All those ABCD sections are legislation that spawn corrupted business, however can be combined to benefit the electorate in economical, legal and fair ways.
From my view and just entering as a boomer into the University of aging, it appears this entity called the AARP as a non-profit business is making endorsements that are questionable. Besides Its ironic that this entity has been a major lobby business putting a wrench in the system for so long.
Moreover, AARP is connected to the United Health Care Company that serves the transportation industry which is in a middle of a Health Care dilemma. United Health Care has a questionable way of collecting data for determinations in liability that lead to world-wide health care uncertainty.
It is natural for the common person or the electorate to be able to input and preserve important medical physical or mental trauma rather than just the doctor, or the Safety or Health Care Directors of any companies, which should be law.
The example is incredible when many see advertisement commercials that twenty two military service people commit suicide everyday. That is a huge red flag something is wrong.
Some companies in particular the railroad industry solicit loyalty programs that corrupt a data base that eventually fails diagnostics. Then the aging population is seriously denied proper care. Looking over the past decades for the aged, AARP is a failed non-profit agency, and so is the United health Care Company.
joshcryer
(62,276 posts)...would bring down the cost of it.