Shared Sacrifice: Eliminating Obama Care saves $2 Trillion- do it for the US Obama

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Neotrotsky, Jul 22, 2011.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Shared Sacrifice: Eliminating PapaObama Care Would save Over $1.4 Trillion


    To see the bill’s true first-decade costs, we need to start the clock when the costs would actually start in any meaningful way: in 2014. The CBO says that Obamacare would cost $2.0 trillion in the bill’s real first decade (from 2014 to 2023) — and much more in the decades to come.

    But $2.0 trillion wouldn’t be the total ten-year costs. Instead, that would merely be the “gross cost of coverage provisions.” Based on earlier incarnations of the proposed overhaul, the total costs would be about a third higher (the exact number can’t be gleaned from the CBO’s analysis, which is only preliminary and is not a full scoring) — making the total price-tag between $2.5 and $3 trillion over the bill’s real first decade.


    UPDATE: thanks to Greenbeard reminding
    it is actually 1.4 Trillion
     
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    Last edited: Jul 22, 2011
  2. Greenbeard
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    Greenbeard Gold Member

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    The CBO already analyzed the repeal legislation that passed the House months ago. Repeal increases the deficit.
     
  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Thanks for reminding me

    Your PDF from CBO is date Jan 6 2011 and preliminary
    And we are speaking of Papa Obama mandatory coverage provisions by themselves
    The confusion is my fault.

    We are not talking about the 500 billion it takes from Medicare


    Don't forget, CBO came back out on Feb 18, 2011 and updated

    By repealing those coverage provisions of PPACA and the Reconciliation Act, over the 2012-2021 period H.R. 2 would yield gross savings of $1,390 billion and net savings (after accounting for the offsets just mentioned) of $1,042 billion.​



    So still saving but just $1.042 Trillion
     
    Last edited: Jul 22, 2011
  4. IndependntLogic
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    IndependntLogic Senior Member

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    Well, considering it's a flaming piece of batcrap, I'd be fine with repealing it, if it saved sixty cents...
     
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  5. Greenbeard
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    Greenbeard Gold Member

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    And the link in your OP is from March 18, 2010.


    Indeed. And what's the update?

    January 6, 2011:

    As a result of changes in direct spending and revenues, CBO expects that enacting H.R. 2 would probably increase federal budget deficits over the 2012–2019 period by a total of roughly $145 billion, plus or minus the effects of technical and economic changes that CBO and JCT will include in the forthcoming estimate.​

    February 18, 2011:

    CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting H.R. 2 would cause a net increase in federal budget deficits of $210 billion over the 2012-2021 period (see Table 1).​

     
  6. rdean
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    rdean rddean

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    How much more will it cost without it?
     
  7. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    You mean with the 500 billion cuts in Medicare to help pay for it?

    Well the Republicans could cut 500 billion as well from Medicare, if you want
     
    Last edited: Jul 22, 2011
  8. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Again the insurance part
    If you want Republicans to cut 500 billion from Medicare like his whole bill does
    I am sure that can be arranged
     
  9. Greenbeard
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    Greenbeard Gold Member

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    Of course it can. The Ryan proposal retains the ACA's Medicare spending reductions, yet still takes nearly three decades to produce a balanced budget.

    The premise of your thread seems to be that shifting costs onto state governments, safety net providers, and private payers (i.e. eliminating the insurance provisions of the ACA) saves money. That seems to be rapidly becoming an article of faith on the far right.
     
  10. EriktheRed
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    EriktheRed Eh...

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    That "article of faith" would disappear if Dems start taking back more statehouses.
     

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