CBO: ACA Will Cost Less Than Projected, Cover 12 Million Uninsured People This Year

[Synthaholic]

How can you say there is "no loss of liberty" when before I had the ability to get health care through charity

Please explain this.

 

[Grandma]

CBO slightly lowers U.S. deficit estimates as health subsidies fall | Reuters

Mandatory spending programs, including Medicare, Social Security and Medicaid, will swell to 11.5 percent of GDP in 2024 from 9.5 percent in 2013. In 2024, they will cost $3.1 trillion, CBO said, accounting for more than half of all federal spending.

"If current laws do not change, the period of shrinking deficits will soon come to an end," the CBO said in the report.

Deficits will reach a low point of $469 billion, or 2.6 percent of U.S. gross domestic product, in fiscal 2015, then gradually start to rise, topping $1 trillion again in 2023 and 2024, a level that would be near 4 percent of GDP.

It was a nice cherry pick though. Even if it makes you look stupid, When has that ever stopped a liberal?

I think your post will be confusing to a lot of people, so let me try to clarify. Yesterday CBO issued two reports, one on the cost of the insurance aspects of ACA and a second updating their baseline economic and budget projections. There is a lot of overlap, but the two reports are separate.

Most of this thread has been about the first report and you are referring to the second in your quote. It is true that the second report projects a growing deficit starting about three years out, fueled in part by rising costs of government health care programs. These costs are a bit lower than initially projected (per the first report). The major driver of these increased health care costs however is demographics, the increasing older population, not costs per participant. And the major driver of the increased deficits is another factor, the interest rate assumptions which are pretty problematical. We might have a good debate elsewhere on the last issue, which is one where I part ways with the CBO model.

I hope this helps, as you obviously read CBO reports rather than just blogger or news summaries of the reports. I don't disagree with you that the deficits will increase starting about 2017, both absolutely, and as a percentage of GDP. The questions are by how much and what the drivers are.

But that deficit report might go lower in the future because a lot of the Boomers are voluntarily working past retirement age. That means they'll keep their workplace insurance longer.

 

[Politico]

The whole point is there shouldn't be a deficit.

 

[dblack]

translation= you don't like to have to pay for health care ... you don't like the Idea that all people regardless of wealth gets health care ... we get it ... its all about you...

translation= I'm just gonna ignore that fact that universal health care was a bait and switch to make a killing for the insurance lobby. That we don't have 'universal health care' or anything like it - just a mandate to buy shitty, overpriced insurance.

And yet, lower profits for insurance companies and an end to "shitty overpriced [junk] insurance [policies] is what we've been seeing.

Why is that?

Because they are guaranteed profits, idiot. No businessman in his or her right might would ever turn down a sure thing. And there's nothing more sure that colluding with government to control your market.

The industry has been lusting after mandated health insurance ever since they suckered states into the mandatory auto insurance scam. And shills like you are fluffing for them. Shameful.

 

[Synthaholic]

The whole point is there shouldn't be a deficit.

There shouldn't be pollution, either.

You have no point.

 

[L.K.Eder]

The whole point is there shouldn't be a deficit.

There shouldn't be pollution, either.

You have no point.

why can't we all get along.

imagine

 

[Toro]

The whole point is there shouldn't be a deficit.

Why not?

 

[MeBelle]

The whole point is there shouldn't be a deficit.

There shouldn't be pollution, either.

You have no point.

Wellllll, if you'd stop breathing and flatulating, the air quality would get much better.

just saying...

 

[Politico]

The whole point is there shouldn't be a deficit.

There shouldn't be pollution, either.

You have no point.

You make no sense as usual.

The whole point is there shouldn't be a deficit.

Why not?

Umm because he said so when he promised it would be fully funded. Damn why do people have such short memories?

 

[billyerock1991]

The whole point is there shouldn't be a deficit.

then tell republicans stop passing bills that are unfunded ... they don't want to raise a taxe to pay for their unfunded bills that creates a deficit ... I know we dem are notorious for passing a tax to pay for any bill that needs money to run it ... why can't your republicans do the same thing... or do you Republicans just like to talk the talk and not walk the walk ... see we republicans are helping the people ... oops !!!!! there's no money for that bill we just passed.... our bad!!!!

 

[billyerock1991]

The whole point is there shouldn't be a deficit.

There shouldn't be pollution, either.

You have no point.

You make no sense as usual.

The whole point is there shouldn't be a deficit.

Why not?

Umm because he said so when he promised it would be fully funded. Damn why do people have such short memories?

and he has kept that promise so whats your point ???

 

[billyerock1991]

translation= I'm just gonna ignore that fact that universal health care was a bait and switch to make a killing for the insurance lobby. That we don't have 'universal health care' or anything like it - just a mandate to buy shitty, overpriced insurance.

And yet, lower profits for insurance companies and an end to "shitty overpriced [junk] insurance [policies] is what we've been seeing.

Why is that?

Because they are guaranteed profits, idiot. No businessman in his or her right might would ever turn down a sure thing. And there's nothing more sure that colluding with government to control your market.

The industry has been lusting after mandated health insurance ever since they suckered states into the mandatory auto insurance scam. And shills like you are fluffing for them. Shameful.

the fact that there is mandatory auto insurance your not paying higher insurance cost .... and obama care isn't a mandate ...

 

[dblack]

And yet, lower profits for insurance companies and an end to "shitty overpriced [junk] insurance [policies] is what we've been seeing.

Why is that?

Because they are guaranteed profits, idiot. No businessman in his or her right might would ever turn down a sure thing. And there's nothing more sure that colluding with government to control your market.

The industry has been lusting after mandated health insurance ever since they suckered states into the mandatory auto insurance scam. And shills like you are fluffing for them. Shameful.

the fact that there is mandatory auto insurance your not paying higher insurance cost .... and obama care isn't a mandate ...

Is this supposed to make any sense?

 

[billyerock1991]

The whole point is there shouldn't be a deficit.

There shouldn't be pollution, either.

You have no point.

what he doesn't get if you want to live in a civilized society then there must be tax revenue .... if he wants to live like the wild west go to the meddle east ... I sure there's all kind of gunslingers that don't pay taxes there ... look at the moron in Navada that thinks he doesn't have to pay grazing fees another right wing loser ... what the merica gubment will do is watch him ... wait until his family goes to the local restaurant ... as he goes to get in his pickumup truck, they surround him ... had cuff them ... through them in the back of cop car... then he can pray for hannity to save him ... just like hannity took the water boarding thing ... ran away like a scared little girl ... we can toss them all in jail ... start selling off the cattle on his ranch for back taxes... can't wait to see that moron jailed ... and whining to hannity about how bad of a deal they got because they listen to hannity the right wing savior

 

[billyerock1991]

Because they are guaranteed profits, idiot. No businessman in his or her right might would ever turn down a sure thing. And there's nothing more sure that colluding with government to control your market.

The industry has been lusting after mandated health insurance ever since they suckered states into the mandatory auto insurance scam. And shills like you are fluffing for them. Shameful.

the fact that there is mandatory auto insurance your not paying higher insurance cost .... and obama care isn't a mandate ...

Is this supposed to make any sense?

coming from a person like you who hasn't a clue, I guess you can come to that conclusion....

 

[dblack]

the fact that there is mandatory auto insurance your not paying higher insurance cost .... and obama care isn't a mandate ...

Is this supposed to make any sense?

coming from a person like you who hasn't a clue, I guess you can come to that conclusion....

I'm just not sure what you were trying to say. And ACA definitely includes several mandates, not sure how you can deny that.

 

[emilynghiem]

1. There was a time when you could drive in this country without having auto insurance.

2. There was a time when you could drive without a license!

3. There was a 4 Way Stop leading out of my neighborhood, and now it's a traffic light that I have to wait on to change.

4. There was a time when factories could hire children.

Did the citizenry lose precious freeeeedoms when each of these examples were changed by government?

The ACA is just a new regulation - that's all.

Hi Synth

1. Insurance is done by state not by federal govt and not regulated by IRS fines.
federal govt does not require you to cover your car (only the loan company may
if it is new) but only the cost to others if you cause a wreck

This would be the equivalent of requiring criminals to pay for hospital costs
of people they put in the ER.
but that is not who is being charged.
law abiding citizens are being taxed beyond what we consent to.
NOT the people who incurred the costs.

You are not required to buy a car so you are not required to need or buy insurance,
You are not required to buy car insurance BEFORE you need it.

2-3. licenses and traffic lights are regulated by State and City government,
not federal.

So 1-3 are consistent with arguments that such regulations
should be through LOCAL or STATE government, NOT FEDERAL which is not authorized
specifically by the Constitution in these areas nor in health care and/or buying private insurance.

4. RE slavery of adults and/or child labor

This point is more consistent with the arguments AGAINST the mandates.

removing slavery, involuntary servitude or labor abuses
is more consistent with removing restrictions and penalties that abuse taxpayers

there is MORE freedom by removing slavery and child labor

there is MORE freedom by removing mandate penalties that restrict the
free choice of how we pay for health care rather than reducing it to insurance
as the only choice not penalized

All your points are consistent and do not contradict the Constitutional arguments
against ACA, based on respect for people and state to democratically manage their own
regulations locally which are not allocated to federal govt under the Constitution,
and not abusing the labor of citizens against their free will and consent.

 

[emilynghiem]

How can you say there is "no loss of liberty" when before I had the ability to get health care through charity

Please explain this.

Before ACA, I could choose to get my medical care covered by friends and family by charity (and not impose on the public or anyone without their consent),
and NOT BE FINED for not buying insurance. (If someone covering my costs wanted to buy this to reduce the costs, they had the FREEDOM to -- It wasn't forced or fined by govt).

Under ACA, I either am required to buy insurance or pay a fine to government by taxes.
Having charity or family agree to pay all expenses DOESN'T COUNT but would still be fined.

I no longer have freedom to be covered other ways besides the one allowed by law.
Now I will be penalized by a fine from govt unless I pick one of those choices ONLY.

Charity doesn't count.
Investing in medical hospitals or programs to provide free care doesn't count.

Only "buying insurance" (with the required coverage set by federal govt not free choice)
prevents you from getting penalized by a fine from govt, based on your income.

Is that more clear?

 

[emilynghiem]

The whole point is there shouldn't be a deficit.

then tell republicans stop passing bills that are unfunded ... they don't want to raise a taxe to pay for their unfunded bills that creates a deficit ... I know we dem are notorious for passing a tax to pay for any bill that needs money to run it ... why can't your republicans do the same thing... or do you Republicans just like to talk the talk and not walk the walk ... see we republicans are helping the people ... oops !!!!! there's no money for that bill we just passed.... our bad!!!!

I agree. why not hold both parties to pay for their politicians and leaders policies.
with the money spent on wars and drug wars
I don't think we'd have any issue paying for health care reforms.

honestly I think the same reforms needed for immigration and prisons
directly tie in with accountability for public health and costs anyway.

why not solve all these problems stemming from similar issues
with how taxmoney is spent, who is responsible for the costs, and how to get restitution or reimbursement instead of charging more and more to taxpayers who didn't incur them?

 

[boedicca]

Note to the OP: the reason that the ACA is projected to cost less is because:

- The networks of providers are much more limited, which means people Cannot Keep The Doctors They Liked.
- Enrollees are opting for the cheapest plans with enormous deductibles and copays, which shifts the costs to patients. Note, these plans are often more expensive than the better plans with Doctors They Liked that Obama cancelled.

Hopenchange!