Contributors

Tuesday, March 17, 2015

The Still Lower Costs of the Affordable Care Act

I know that conservatives like to live in the own little bubble where they feel entitled to their own facts but I have to wonder what goes through their head when they see stories like this.

Obamacare’s projected cost falls due to lower premiums under health care law, CBO says

The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January. The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The first, and most significant, is that health insurance premiums are rising more slowly, and thus requires less of a government subsidy.

In addition, slightly fewer people are now expected to sign up for Medicaid and for subsidized insurance under the law's marketplaces. That's because the agency now says that more people than anticipated already had health insurance before the law took effect, and fewer companies than anticipated are canceling coverage. All in all, three million fewer people are expected to sign up for Affordable Care Act provisions by 2025. Still, by 2025, the CBO estimates "the total number of people who will be uninsured ... is now expected to be smaller than previously projected," because more will have had health insurance to begin with.

Will they capitulate or continue to believe?

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