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Budget office: Obama's health law reduces deficit
Associated Press ^ | July 24, 2012 | RICARDO ALONSO-ZALDIVAR and ANDREW TAYLOR

Posted on 07/24/2012 1:25:38 PM PDT by Free ThinkerNY

WASHINGTON (AP) -- Congress' budget scorekeepers are taking a new look at President Barack Obama's health care law - and they still say it is expected to reduce federal deficits.

It's the first in-depth look by nonpartisan experts since the Supreme Court upheld most of the law last month.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: deficit; healthcare; obama; obamacare

1 posted on 07/24/2012 1:25:45 PM PDT by Free ThinkerNY
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To: Free ThinkerNY

2 posted on 07/24/2012 1:29:50 PM PDT by texson66 (In the words of Kent Brockman, "As for myself, I welcome our new commie overlords...")
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To: Free ThinkerNY

You forgot the barf alert.


3 posted on 07/24/2012 1:30:08 PM PDT by BerniesFriend (Sarah Palin-"Lord knows she's attractive" says bitter Andrea Mitchell and the rest of the MSM)
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To: Free ThinkerNY

Notice of course NO documented evidence to back up the “report” merely their claim that that is what the report says.

So let run examine this rationally. Massively expanding the role of government in 1/6th of the US economy is suppose to SAVE us money?

Tell me 1 time the “projections” of the cost of a Government program cost LESS then projected?

Ah that right, there are none.


4 posted on 07/24/2012 1:30:19 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: Free ThinkerNY

Som these same people were wrong a week before the Roberts treason????????.


5 posted on 07/24/2012 1:30:52 PM PDT by Venturer
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To: Free ThinkerNY
LMFAO!

Repealing the law, as Republicans want to do, would increase the deficit by $109 billion from 2013 to 2022.

$109 BILLION?! Are you serious? That's 6/10ths of 1% of the total deficit! It's a G** Damned drop in the bucket you twits!

6 posted on 07/24/2012 1:30:52 PM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Free ThinkerNY
Yep, it will definitely reduce the deficit when everyone without a waiver is taxed or is paying into a single payer system and RECEIVES NO HEALTH CARE!!!!!!!!!!!!!!!!!!!!!!!!!!

See, this is in their heads, except they forget to compensate for the bloated bureaucrats that will expect high six figure incomes to implement this thievery!

7 posted on 07/24/2012 1:31:13 PM PDT by poobear (Socialism, in the minds of the elites, is a con-game for the serfs, nothing more.)
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To: Free ThinkerNY

Yeah, sure, riiiiiiight.

They just added a trillion to the financing of this boondoggle and “snap” it will now save money. Just in time for the reelection.

If anyone buys into this they deserve what they get.


8 posted on 07/24/2012 1:31:26 PM PDT by EQAndyBuzz (ABO 2012)
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To: Free ThinkerNY

Those little blue pills for the elderly are much cheaper than medical care to prolong their lives.


9 posted on 07/24/2012 1:31:39 PM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: texson66

texson66, am I too late or is that bridge still for sale? (crossing fingers nervously)...


10 posted on 07/24/2012 1:31:58 PM PDT by BerniesFriend (Sarah Palin-"Lord knows she's attractive" says bitter Andrea Mitchell and the rest of the MSM)
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To: TornadoAlley3

11 posted on 07/24/2012 1:37:55 PM PDT by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: Free ThinkerNY
This is good to know as it appears the GOP leadership has jumped aboard the RomneyObamaCare bandwagon. In fact, I would not be surprised to see them riding on it in the next Pride parade, perhaps accompanied by a few Marines in uniform--maybe pulled by Caligula's horse. The times, they have changed bigtime.
12 posted on 07/24/2012 1:38:13 PM PDT by madprof98
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Comment #13 Removed by Moderator

Comment #14 Removed by Moderator

Comment #15 Removed by Moderator

To: BerniesFriend

Now what do you want with that stupid bridge when I’ve got some perfectly good swampland in Arizona for sale?


16 posted on 07/24/2012 1:38:51 PM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: lowbridge

Couldn’t I buy both and put the bridge over the swampland? Do I have to think of everything?


17 posted on 07/24/2012 1:40:49 PM PDT by BerniesFriend (Sarah Palin-"Lord knows she's attractive" says bitter Andrea Mitchell and the rest of the MSM)
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To: Free ThinkerNY
Obamacare expected to reduce federal deficits

I knew it would and you can thank Pelosi for that.

Palliative End of Life Optimum Serenity Initiative (PELOSI)

"Just give 'em a pill, they're too old to get health care." BHO.

Done with eighty million useless entities.. more for everyone else! Obama! Obama! Mmmm, mmmm, mmm.

18 posted on 07/24/2012 1:41:19 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Free ThinkerNY

“Tax changes have very large effects: an exogenous tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.”


19 posted on 07/24/2012 1:42:06 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: Free ThinkerNY

What a clumsy piece of propaganda that so called news report is.


20 posted on 07/24/2012 1:43:38 PM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Free ThinkerNY

There is no stupidity like government stupidity.


21 posted on 07/24/2012 1:43:47 PM PDT by pieceofthepuzzle
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To: TornadoAlley3
Those little blue pills for the elderly are much cheaper than medical care to prolong their lives.

You got that right.
Surgically remove a prostate gland = $30,000
Radiate a prostate gland (42 radiations) = $160,000
That's a $120,000 savings right there.
And if the patient is elderly, no treatment.
That will save $30,000
Pretty easy decision for a non-medical panel to make. -Tom

22 posted on 07/24/2012 1:47:38 PM PDT by Capt. Tom
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To: BerniesFriend

Speaking of barf alerts, we need a rating system. This would be a pornographic X-rated barf.


23 posted on 07/24/2012 1:47:48 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: Free ThinkerNY

CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of $1,168 billion over the 2012–2022 period—compared with $1,252 billion projected in March 2012 for that 11-year period—for a net reduction of $84 billion. (Those figures do not include the budgetary impact of other provisions of the ACA, which in the aggregate reduce budget deficits.)

The projected net savings to the federal government resulting from the Supreme Court’s decision arise because the reductions in spending from lower Medicaid enrollment are expected to more than offset the increase in costs from greater participation in the newly established exchanges.

prior to the Court’s ruling, the Medicaid expansion appeared to be mandatory for states that wanted to continue receiving federal matching funds for any part of their Medicaid program. Hence, CBO and JCT’s previous estimates reflected the expectation that every state would expand eligibility for coverage under its Medicaid program as specified in the ACA. As a result of the Court’s decision, CBO and JCT now anticipate that some states will not expand their programs at all or will not expand coverage to the full extent authorized by the ACA. CBO and JCT also expect that some states will eventually undertake expansions but will not do so by 2014 as specified in the ACA.

http://www.cbo.gov/publication/43472

In 2022, for example, Medicaid and the Children’s Health Insurance Program (CHIP) are expected to cover about 6 million fewer people than previously estimated, about 3 million more people will be enrolled in exchanges, and about 3 million more people will be uninsured. Although the estimates discussed here are dominated by the movements of people losing eligibility for Medicaid, other smaller shifts in coverage are expected to occur as well. (The changes in coverage reflect the net effect of all estimated changes stemming from the Court’s decision, not just the movements of people who lose eligibility for Medicaid. For example, relative to prior estimates, not all of the increases in enrollment in exchanges and in the uninsured are among people who would have been newly eligible for Medicaid.)

Federal spending over the 2012–2022 period for Medicaid and CHIP is now projected to be $289 billion less than previously expected, whereas the estimated costs of tax credits and other subsidies for the purchase of health insurance through the exchanges (and related spending) have risen by $210 billion. Small changes in other components of the budget estimates account for the remaining $5 billion of the difference.

The key factors leading to that result are as follows:

Only a portion of the people who will not be eligible for Medicaid as a result of the Court’s decision will be eligible for subsidies through the exchanges. According to CBO and JCT’s estimates, roughly two-thirds of the people previously estimated to become eligible for Medicaid as a result of the ACA will have income too low to qualify for exchange subsidies, and roughly one-third will have income high enough to be eligible for exchange subsidies. In addition, those who become eligible for subsidies will have to pay a portion of the exchange premium themselves, which will affect their decisions about whether to enroll in the exchanges.

For the average person who does not enroll in Medicaid as a result of the Court’s decision and becomes uninsured, federal spending will decline by roughly an estimated $6,000 in 2022.

For the average person who does not enroll in Medicaid as a result of the Court’s decision and enrolls in an exchange instead, estimated federal spending will rise by roughly $3,000 in 2022—the difference between estimated additional exchange subsidies of about $9,000 and estimated Medicaid savings of roughly $6,000.

With about 6 million fewer people being covered by Medicaid but only about 3 million more people receiving subsidies through the exchanges and about 3 million more people being uninsured, and because the average savings for each person who becomes uninsured are greater than the average additional costs for each person who receives exchange subsidies, the projected decrease in total federal spending on Medicaid is larger than the anticipated increase in total exchange subsidies.

http://www.cbo.gov/publication/43472


24 posted on 07/24/2012 1:49:42 PM PDT by kcvl
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To: kcvl

“net reduction of $84 billion” over 11 years?

wow. it’s downright thrifty!


25 posted on 07/24/2012 2:25:19 PM PDT by TurboZamboni (Looting the future to bribe the present)
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To: Free ThinkerNY
It's the first in-depth look by nonpartisan experts...

Yeah, OK, there is a "non-partisan" anything in Washington....Bwahahaha!

FMCDH(BITS)

26 posted on 07/24/2012 2:28:52 PM PDT by nothingnew (I fear for my Republic due to marxist influence in our government. Open eyes/see)
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To: All


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27 posted on 07/24/2012 2:32:54 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: TurboZamboni

Yeah, and our CongressCritters and Senator’s know a damn good bargin when they see one! /s


28 posted on 07/24/2012 2:36:55 PM PDT by elephant
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To: elephant

I think the last bargain they were right about was the Louisiana Purchase.


29 posted on 07/24/2012 2:50:07 PM PDT by TurboZamboni (Looting the future to bribe the present)
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To: Free ThinkerNY

Garbage in = garbage out.

The CBO is required to accept the stated premise.

SO, if a program is passed that has a 95% tax rate and it also states that this tax will result in 100,000% wage increases, then the CBO will dutifully state that people will be better off under the program.


30 posted on 07/24/2012 3:11:02 PM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: Free ThinkerNY

Non partisan??? Do you mean like the State Department or Department of Justice or perhaps the FBI... do you mean like those non partisan government entities?

LLS


31 posted on 07/24/2012 3:16:47 PM PDT by LibLieSlayer (Don't Tread On Me)
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To: Free ThinkerNY

Of course it does,I knew that all the time,If you are over 60 tears old you GET NOTHING BUT A PILL,go home and Die. That WILL CUT COSTS,just Bury Grandma and Grandpa. Death Panels will Reduce Costs No Doubt about it.


32 posted on 07/24/2012 4:54:23 PM PDT by ballplayer
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To: Free ThinkerNY

So, if 60 percent of the doctors quit and the peons who don’t have congressional health care plans die before they get treatment?

I can see it saving money in the long run.


33 posted on 07/24/2012 5:07:56 PM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: Free ThinkerNY

Liars.


34 posted on 07/24/2012 3:56:56 PM PDT by SoFloFreeper
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To: Free ThinkerNY

Yep. A trillion in additional spending to reduce the deficit by about a hundred billion. This is the Democrats’ version of “you gotta spend money to make money.”


35 posted on 07/24/2012 3:58:57 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: Free ThinkerNY

Because it is pyramid EXTORTION .


36 posted on 07/24/2012 4:34:19 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: kcvl

Requiring healthy young people get health insurance and overcharging them for it is the key.
Increases revenue for medicaid.

I’ll go see if that’s in the report...


37 posted on 07/24/2012 4:41:41 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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