CBO Lowers Obamacare's Price Tag By $104 Billion Over 10 Years
Source: TPM
DYLAN SCOTT APRIL 14, 2014, 12:41 PM EDT
In its latest projections for Obamacare, the Congressional Budget Office has lowered the law's costs over the next 10 years by more than $100 billion.
Most of the change can be linked to lower spending on tax subsidies for coverage purchased on HealthCare.gov and its state counterparts, which can in turn be linked to lower-than-expected premiums.
CBO projected that the federal government would spend $164 billion less than previously expected on Obamacare subsidies by 2024. It appears that a number of factors contributed to that change. Premiums, especially in the near term, are expected to be lower than previously projected: The office estimated premiums would rise on average by about $100 in 2015. They are still expected to rise over the next decade, but at a lower rate than previously thought.
It's a combination of rising medical costs, a healthier enrollment population in 2015 and the make-up of the Obamacare plans, which have narrower provider networks and lower provider payments than their counterparts in the large-group market, that contribute to the CBO's calculations on premiums. Other changes, such as a smaller under-65 population, also factored into the downward revisions on subsidies.
Read more: http://talkingpointsmemo.com/livewire/cbo-obamacare-april-2014
Tarheel_Dem
(31,237 posts)DavidDvorkin
(19,483 posts)geretogo
(1,281 posts)years .
Tarheel_Dem
(31,237 posts)NickB79
(19,258 posts)Tarheel_Dem
(31,237 posts)6 million, one third of 7 million. It's the new math.
geretogo
(1,281 posts)freshwest
(53,661 posts)Tarheel_Dem
(31,237 posts)a Sheriff (Oathkeeper), on Randi's show, saying they'd put women on the front lines, and watch the Feds gun them down, so they could flash those images around the world. They're insurrectionists, and they're playing a very dangerous game right now. These are the kinds of folk who have martyred Edward Snowden.
freshwest
(53,661 posts)the threads on the Koches in all of these groups?
This one is funded by them.
Tarheel_Dem
(31,237 posts)melm00se
(4,994 posts)that fishes people (on both sides of the issue).
Lower costs:
$100 billion over 10 years = $10 Billion/year.
Overall costs
Pre this report
~$1.5 trillion over 10 years = ~$150 Billion (average - it's actually a curve)
Post this report
~$1.35 trillion over 10 years = ~$135 billion (average - it's actually a curve)
Important program but an expensive one.
Fred Sanders
(23,946 posts)Blue State Bandit
(2,122 posts)Come to think of it... I think that pays for the UC benefits extension. Just what the House Repugicants were demanding in exchange for passage.
liberal N proud
(60,339 posts)freshwest
(53,661 posts)Like this guy:
Buy more guns and ammo!!!
Jefferson23
(30,099 posts)OneCrazyDiamond
(2,032 posts)who have exchange plans?
If not, this could be a back door to denying coverage again.
"I am sorry, we reject affordable care in our practice. It doesn't pay enough."