Obamacare’s projected cost falls due to lower premiums under health care law, CBO says
Source: Washington Post
By Max Ehrenfreund March 9 at 11:56 AM
The estimated cost of President Obama's signature health care law is continuing to fall.
The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January.
The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The first, and most significant, is that health insurance premiums are rising more slowly, and thus requires less of a government subsidy.
In addition, slightly fewer people are now expected to sign up for Medicaid and for subsidized insurance under the law's marketplaces. That's because the agency now says that more people than anticipated already had health insurance before the law took effect, and fewer companies than anticipated are canceling coverage. All in all, three million fewer people are expected to sign up for Affordable Care Act provisions by 2025.
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Read more: http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/09/obamacares-cost-is-falling-as-fewer-receive-coverage-under-health-care-law-cbo-says/?wpisrc=nl_evening&wpmm=1
NoJusticeNoPeace
(5,018 posts)but not sure now.
Jesus, they actually NEVER tell the truth, NEVER.
alp227
(32,037 posts)IronLionZion
(45,465 posts)which is what I heard about US companies closing overseas plants and firing foreign workers thanks to Obama's socialist policies.
Sunlei
(22,651 posts)Humana also sent me 2 thick manuals, and a bunch of mail about a foot tall .
good to know I have insurance now in case of disaster, would be much better and cheaper for everyone if we cut out those middlemen profiteers and simply had NON PROFIT medicare for all.