Fewer Americans To Be Insured Thanks To Obamacare

[excalibur]

From the CBO.

A new Congressional Budget Office (CBO) report projects Obamacare will still contain costs taxpayers did not face before the new health care law passed and will ultimately insure fewer Americans than originally predicted. The Washington Post missed the point when they published a front-page article saying the CBO's findings showed Obamacare provides savings.

The CBO report actually:

• Re-estimates the Affordable Care Act's (ACA) costs, not savings or effectiveness in cost containment;

• Revises past projections based on new data;

• And evaluates only part of the ACA.

The CBO projects that by 2025; 25 million fewer Americans will be insured because of the ACA. This new figure is down 2 million from CBO's January report. Overall, roughly 70 percent of the net cost reduction in the latest revision (dropping from $1.35 trillion over 2016 to 2025 to $1.21 trillion after including savings provisions) comes from an updated projection that the ACA will cover fewer people.

It is understandable given the persistent controversies surrounding the ACA that its advocates would want to seize on any report that could appear to shed a favorable light on the law. Yet, the latest CBO report does not support the favorable claims being made on behalf of the ACA.

Source: Charles Blahous, "CBO Says ACA Will Insure Fewer People Than Predicted," Economics 21, March 16, 2015.

Fewer Americans Will Be Insured Under Obamacare, Says New CBO Report


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[DarkFury]

One should also note more Americans working fewer hours because of it.

 

[Moonglow]

One should also note more Americans working fewer hours because of it.

Try old age, it has a habit of doing that also...

 

[JakeStarkey]

ACA in fact has insured 10 to 16 million that would not be insured otherwise.

More workers work shorter hours because they prefer that. Also another reason for shorter hours is that workers are not automatically died to companies for health insurance.

 

[Greenbeard]

From the CBO.

The CBO projects that by 2025; 25 million fewer Americans will be insured because of the ACA. This new figure is down 2 million from CBO's January report. Overall, roughly 70 percent of the net cost reduction in the latest revision (dropping from $1.35 trillion over 2016 to 2025 to $1.21 trillion after including savings provisions) comes from an updated projection that the ACA will cover fewer people.

That's an odd typo. The CBO report says 25 million fewer people will be uninsured. As in they'll have insurance under the ACA when they otherwise wouldn't.

The real big news with that report was that everything continues to come in significantly cheaper than anyone expected.

Most media accounts last week focused attention on the CBO's significantly lower projections for spending on premium subsidies available under the Affordable Care Act. As recently as January, the government projected over $1 trillion would flow to low- and moderate-income households buying health plans on the exchanges over the next decade.

Now, the CBO projects it will be $209 billion less because of lower overall premiums and—surprise, surprise—a reduction in the number of people who will need coverage. Fewer small and medium-sized businesses are expected to drop coverage because, lo and behold, insurance has become more affordable for employers because of the slowdown.

 

[rightwinger]

Amazing how they reflexively keep posting the lies regardless of facts to the contrary

 

[JakeStarkey]

More people insured at less cost.

Good deal.