Contributors

Tuesday, April 15, 2014

Still No Obamacare Boiling Pit of Sewage In Which We Will All Roil and Scream

The CBO and Joint Committee on Taxation released a series of new estimates Monday on the law’s costs and the number of people it will cover. Here are the numbers and main points:
  • Insurance premiums under Obamacare are projected to rise less than 3 percent in 2015, a smaller-than-expected jump as the health insurance exchanges enter their second year.
  • 12 million more Americans will have health coverage in 2014 than would have been the case without the ACA
  • Coverage through the law will cost the federal government about $5 billion less than expected this year.
  • The law’s 10-year cost for the coverage provisions is pegged at $1.383 trillion — $104 billion less than prior calculations. Both figures are lower than prior estimates mostly because the CBO and JCT anticipate premium subsidies being smaller.
  • The budget estimates now project premiums to be about 15 percent lower in 2016 than initial projections four years ago.

SMALLER premium rises? Really? That's not what the folks are telling me inside the bubble.

3 comments:

GuardDuck said...

"SMALLER premium rises? "


Previously, CBO and JCT had expected that
those plans’ characteristics would closely resemble the
characteristics of employme
nt-based plans throughout
the projection period. However, the plans being offered
through the exchanges this year appear to have, in
general, lower payment rates for providers, narrower
networks of providers, and tighter management of their
subscribers’ use of health care
than employment-based
plans do.




Unknown said...

Hey Markadelphia.

How many of those 12 million were previously uninsured?

How many people now signed up under Obamacare have paid the dues?

Mark Ward said...

Ah, Rob, you took a step towards critical thinking recently and now you fallen back to right wing talking points. Let's see if I can break a little bit of the cult programming.

I want you to pay attention to what you think the answers are to these questions now and then watch how the answers to these questions unfold over the next few months. Be honest.