Obamacare's latest 'failure:' $1 trillion saved for Medicare

[iamwhatiseem]

Government - Historical Debt Outstanding - Annual 2000 - 2015

09/30/2008 10,024,724,896,912.49

09/30/2015 18,150,604,277,750.63
but this is math-economics, and if leftist understood economics they wouldn't be leftist.

 

[Sun Devil 92]

Thank you President Obama (praise be unto Him!)


Obamacare's latest 'failure:' $1 trillion saved for Medicare


That horribly failed program, Obamacare, has done it again. In the next five years or so, it's going to save the federal government more than $1 trillion on Medicare over what the Congressional Budget Office projected when the law was enacted. The Commonwealth Fund highlights those savings, along with some other significant achievements of the law in one of its series of reports on Medicare at 50.

The ACA addresses gaps in Medicare preventive and prescription drug benefits. It initiates ambitious testing of new payment methods to improve the value of care received by beneficiaries and, indirectly, all Americans. And it substantially extends the solvency of the Medicare Health Insurance Trust Fund by slowing the growth of future Medicare outlays.
Here's the sexy way of saying that: 37 million Medicare enrollees have gotten free preventive care since 2013, including flu shots and cancer and chronic disease screenings; and 8 million beneficiaries have saved more than $11.5 billion since 2010 on prescription drugs. That's $11.5 billion in seniors and disabled people's pockets. That's a big deal. And the savings to the federal government? Just look:

One trillion dollars is a lot of money, and while it can't all be attributed to Obamacare (the recession was a factor, too) the law is saving money and more importantly, saving lives. The reforms the law is making to Medicare, Commonwealth says, "have the potential to reshape not just the Medicare program but the entire U.S. health care system."

I love it when the right complain about Obama spending too much on healthcare.

Why?

Because they don't give a damn about the corruption in the healthcare system that costs US taxpayers around 3% of GDP, but they do care when they have to pay more because of something that is designed to help poor people get healthcare.

I keep asking....

We were spending 17% of GDP on healthcare before Obamacare.

Six years later and we are spending......17% of GDP.

Where are all those savings and cost cutting ?

How much higher would GDP be now without ACA?

You mean spending as a percent of GDP ?

 

[Two Thumbs]

uh, it adds to the debt

That's a lie.

what part of the debt has gone up a couple trillion is over your head?
where's the savings?

oh, it's magically fucking different

 

[Two Thumbs]

Government - Historical Debt Outstanding - Annual 2000 - 2015

09/30/2008 10,024,724,896,912.49

09/30/2015 18,150,604,277,750.63
but this is math-economics, and if leftist understood economics they wouldn't be leftist.

$8 Trillion more in debt, but the aca is supposed to save us a trillion in 20 years

pfft

 

[Synthaholic]

Thank you President Obama (praise be unto Him!)


Obamacare's latest 'failure:' $1 trillion saved for Medicare


That horribly failed program, Obamacare, has done it again. In the next five years or so, it's going to save the federal government more than $1 trillion on Medicare over what the Congressional Budget Office projected when the law was enacted. The Commonwealth Fund highlights those savings, along with some other significant achievements of the law in one of its series of reports on Medicare at 50.

The ACA addresses gaps in Medicare preventive and prescription drug benefits. It initiates ambitious testing of new payment methods to improve the value of care received by beneficiaries and, indirectly, all Americans. And it substantially extends the solvency of the Medicare Health Insurance Trust Fund by slowing the growth of future Medicare outlays.
Here's the sexy way of saying that: 37 million Medicare enrollees have gotten free preventive care since 2013, including flu shots and cancer and chronic disease screenings; and 8 million beneficiaries have saved more than $11.5 billion since 2010 on prescription drugs. That's $11.5 billion in seniors and disabled people's pockets. That's a big deal. And the savings to the federal government? Just look:

One trillion dollars is a lot of money, and while it can't all be attributed to Obamacare (the recession was a factor, too) the law is saving money and more importantly, saving lives. The reforms the law is making to Medicare, Commonwealth says, "have the potential to reshape not just the Medicare program but the entire U.S. health care system."

I love it when the right complain about Obama spending too much on healthcare.

Why?

Because they don't give a damn about the corruption in the healthcare system that costs US taxpayers around 3% of GDP, but they do care when they have to pay more because of something that is designed to help poor people get healthcare.

I keep asking....

We were spending 17% of GDP on healthcare before Obamacare.

Six years later and we are spending......17% of GDP.

Where are all those savings and cost cutting ?

How much higher would GDP be now without ACA?

You mean spending as a percent of GDP ?

Yes.

 

[Synthaholic]

uh, it adds to the debt

That's a lie.

what part of the debt has gone up a couple trillion is over your head?
where's the savings?

oh, it's magically fucking different

Why are you attributing an increase of debt to Obamacare? You have no evidence.

Why aren't you blaming the rising defense budget?

 

[Two Thumbs]

uh, it adds to the debt

That's a lie.

what part of the debt has gone up a couple trillion is over your head?
where's the savings?

oh, it's magically fucking different

Why are you attributing an increase of debt to Obamacare? You have no evidence.

Why aren't you blaming the rising defense budget?

are you claiming that operating the aca is free?

b/c that's the only way it doesn't add to the debt.

leftist can find links that claim all their bullshit doesn't add to the debt, but it still goes .


a few days ago, a Vet burned himself to death in front of a VA b/c he wasn't getting treatment.

so yea, leftist support cutting defense funding is a no brainer

 

[tyroneweaver]

by 2030 a hundred percent of tax revenue will go to entitlements.

 

[Sun Devil 92]

Thank you President Obama (praise be unto Him!)


Obamacare's latest 'failure:' $1 trillion saved for Medicare


That horribly failed program, Obamacare, has done it again. In the next five years or so, it's going to save the federal government more than $1 trillion on Medicare over what the Congressional Budget Office projected when the law was enacted. The Commonwealth Fund highlights those savings, along with some other significant achievements of the law in one of its series of reports on Medicare at 50.

The ACA addresses gaps in Medicare preventive and prescription drug benefits. It initiates ambitious testing of new payment methods to improve the value of care received by beneficiaries and, indirectly, all Americans. And it substantially extends the solvency of the Medicare Health Insurance Trust Fund by slowing the growth of future Medicare outlays.
Here's the sexy way of saying that: 37 million Medicare enrollees have gotten free preventive care since 2013, including flu shots and cancer and chronic disease screenings; and 8 million beneficiaries have saved more than $11.5 billion since 2010 on prescription drugs. That's $11.5 billion in seniors and disabled people's pockets. That's a big deal. And the savings to the federal government? Just look:

One trillion dollars is a lot of money, and while it can't all be attributed to Obamacare (the recession was a factor, too) the law is saving money and more importantly, saving lives. The reforms the law is making to Medicare, Commonwealth says, "have the potential to reshape not just the Medicare program but the entire U.S. health care system."

I love it when the right complain about Obama spending too much on healthcare.

Why?

Because they don't give a damn about the corruption in the healthcare system that costs US taxpayers around 3% of GDP, but they do care when they have to pay more because of something that is designed to help poor people get healthcare.

I keep asking....

We were spending 17% of GDP on healthcare before Obamacare.

Six years later and we are spending......17% of GDP.

Where are all those savings and cost cutting ?

How much higher would GDP be now without ACA?

You mean spending as a percent of GDP ?

Yes.

I don't have those projections.

But that really isn't relevant.

The whole point was that people have been complaining (and rightly so) that we spend 16-17 % of our GDP on health care. Much more than any other nation. That equates to about 8,700 per person per year. That is huge.

This kept being thrown around during the Obamacare discussion.

Obamacare has done nothing to address that.