PPACA – and the Truth just keeps showing up.
The CBO looks again at the health reform law
- A new report from the nonpartisan Congressional Budget Office (CBO) sheds further light on the expected cost of the health care reform law. Its new analysis is in response to last month’s Supreme Court ruling, which said states can opt out of the part of the law calling for Medicaid expansion. The bottom line: Because some states may opt out, the law now is projected to cost $1.2 trillion over 11 years – $84 billion less than earlier estimates. That’s because about 3 million fewer people are likely to be insured.
- While the report offered a clearer picture of the law’s price tag and coverage expansion, politically it was a mixed bag for both parties. As Matt DoBias and Jonathan Allen of Politico noted, “It’s hard for Democrats to get excited about states declining to cover as many people, and Republicans can’t be thrilled that the law’s overall cost is going down.”
The CBO also estimated the cost of repealing the health reform law in its entirety, which House Republicans have sought to accomplish since the law’s enactment. A full repeal, the report found, would add $109 billion to the federal deficit over 10 years – far below the $210 billion projected last year.
So the new facts, fewer people will have insurance following a $1,200,000,000,000 ($1.2 Trillion) law which if we stop the bleeding now would add $109,000,000 ($109 Billion). We would reduce the projected future deficit by 89% if we repealed this monster. Plus those without insurance would still get medical care from the same sources they now use.
Face the truth, this law was intended to replace private medical insurance with a government run disaster from the beginning. Under a Government run plan, anyone with a serious illness would face the same choice as those in other countries with national health care, face death as you wait for your turn or head to a country where care is readily available. Only problem is, the US is the country others fly to where the option to get immediate care still exists.
Let us all hope relief is on the way.