RicO'Shea
VIP Member
- Oct 20, 2014
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That report’s forecasts included a prediction that Part D’s general revenue outlays from 2013 through 2022 could total $852 billion but, the trustees wrote, "Medicare’s actual future costs are highly uncertain and are likely to exceed those shown by the current-law projections in this report."
As for the Obamacare law, the CBO said in a May 14, 2013, blog post that its most recent prediction of the act’s total budget impact was a July 24, 2012, estimate that repealing the law could raise the federal deficit by $109 billion ($111 billion in 2013 dollars) from 2013 through 2022.
But "projections of the effects of the ACA" are "highly uncertain," the CBO warned, with other factors including the law’s overall effect on the nation’s health systems and the Supreme Court decision allowing states to opt out of expanding Medicaid eligibility. The law had required states to widen Medicaid access.
Krugman gives a different measure in his late-2009 blog entry: "According to the Medicare trustees, Part D created a $9.4 trillion unfunded liability over the next 75 years." The trustees’ 2013 report updated that estimate to $9.2 trillion for 2013-2087.
A June 17, 2013, PolitiFact Virginia fact-check showed that January 2013 Government Accountability Office estimates of the Obamacare law’s cost over 75 years could result in two scenarios: It could raise the national debt $6.2 trillion if its cost containment measures were phased out, or it could save the government $13.3 trillion if it works as intended. A GAO analyst said the report did not say whether one outcome or the other is more likely.
Our ruling
The image shared on Facebook said, "Bush’s Medicare D was far more expensive than the Affordable Care Act, and, unlike the ACA, was never budgeted."
It’s a vague claim without context. Looking for a reasonable way to evaluate it, we found the Obamacare law was "funded" and Part D "unfunded" and that, using estimated 10-year costs at inception, the former was projected to save $148 billion and the latter to cost something under $501 billion (in 2013 dollars).
We rate the claim as Mostly True.
http://www.politifact.com/texas/st...re-law-was-funded-and-expected-save-billion/
Sent from my 0PCV1 using Tapatalk
As for the Obamacare law, the CBO said in a May 14, 2013, blog post that its most recent prediction of the act’s total budget impact was a July 24, 2012, estimate that repealing the law could raise the federal deficit by $109 billion ($111 billion in 2013 dollars) from 2013 through 2022.
But "projections of the effects of the ACA" are "highly uncertain," the CBO warned, with other factors including the law’s overall effect on the nation’s health systems and the Supreme Court decision allowing states to opt out of expanding Medicaid eligibility. The law had required states to widen Medicaid access.
Krugman gives a different measure in his late-2009 blog entry: "According to the Medicare trustees, Part D created a $9.4 trillion unfunded liability over the next 75 years." The trustees’ 2013 report updated that estimate to $9.2 trillion for 2013-2087.
A June 17, 2013, PolitiFact Virginia fact-check showed that January 2013 Government Accountability Office estimates of the Obamacare law’s cost over 75 years could result in two scenarios: It could raise the national debt $6.2 trillion if its cost containment measures were phased out, or it could save the government $13.3 trillion if it works as intended. A GAO analyst said the report did not say whether one outcome or the other is more likely.
Our ruling
The image shared on Facebook said, "Bush’s Medicare D was far more expensive than the Affordable Care Act, and, unlike the ACA, was never budgeted."
It’s a vague claim without context. Looking for a reasonable way to evaluate it, we found the Obamacare law was "funded" and Part D "unfunded" and that, using estimated 10-year costs at inception, the former was projected to save $148 billion and the latter to cost something under $501 billion (in 2013 dollars).
We rate the claim as Mostly True.
http://www.politifact.com/texas/st...re-law-was-funded-and-expected-save-billion/
Sent from my 0PCV1 using Tapatalk