The Affordable Care Act’s Lower-Than-Projected Premiums Will Save $190 Billion

[Bill USA]

http://www.americanprogress.org/issues/healthcare/report/2013/10/23/77537/the-affordable-care-acts-lower-than-projected-premiums-will-save-190-billion/

The Affordable Care Act is already working: Intense price competition among health plans in the marketplaces for individuals has lowered premiums below projected levels. As a result of these lower premiums, the federal government will save about $190 billion over the next 10 years, according to our estimates. These savings will boost the health law’s amount of deficit reduction by 174 percent and represent about 40 percent of the health care savings proposed by the National Commission on Fiscal Responsibility and Reform—commonly known as the Simpson-Bowles commission—in 2010.

Moreover, we estimate that lower premiums will lower the number of uninsured even further, by an additional 700,000 people, even as the number of individuals who receive tax credits will decline because insurance is more affordable.

In short, the Affordable Care Act is working even better than expected, producing more coverage for much less money.

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[Tarheel_Dem]

1. K&R

[kestrel91316]

2. K&R

[KansDem]

3. And that means dough...big dough...

In short, the Affordable Care Act is working even better than expected, producing more coverage for much less money.

...in the pockets of consuming Americans, which, as we all know, will lead to more jobs!

[Bill USA]

4. And this is just the beginning. Over time, with so many more getting PROACTIVE medical care, costs

savings will be MUCH GREATER over a longer period of time... say 20 to 30 years. ... making health care affordable instead of economy busting!

[freshwest]

7. This is true. They scrambling to compete now. A great improvement.

[jeanliberty90]

5. bit off topic

...but I am dressing up as a British nurse for Halloween in honor of England's NHS and to celebrate the ACA! Have fun everybody !

[nikto]

6. If this is accurate...

Then that's $190Billion that won't be going into the maw of
the Stock Market, or into CEO pockets.



I can live with that.




But some big stockholder$ and a few CEO$ will scream.


Poor babies.

[Bill USA]

8. "poor babies".....LOL!

[riqster]

9. They already are screaming...

Via the "news" outlets they own, and the Teapublican politicians they've bought.