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Obama Supporter Cuts Obama-Care Costs By $84B

From The Hill:

CBO: Supreme Court decision cuts cost of healthcare reform by $84 billion

By Sam Baker and Elise Viebeck | Tuesday, July 24, 2012

The Supreme Court’s decision to uphold most of President Obama’s healthcare law made the law less expensive but will result in 3 million more people without health insurance, the Congressional Budget Office (CBO) said Tuesday.

The report from the nonpartisan budget scorekeeper was the first estimate of the law’s cost since last month’s court ruling, which held that the states must be permitted to opt out of the law’s Medicaid expansion.

As we noted yesterday, this “nonpartisan budget scorekeeper” is being headed by a woman, Melinda Beeuwkes Buntin, who has been the deputy assistant director of the CBO’s Health Services Department since the middle of 2011.

Ms. Buntin has donated more than $26,000 to Democrat candidates, with $2,300 of that going to Obama in 2008. Before Obama-Care was passed, she was cited as an “Obama Spokeswoman.” In 2009 and 2010, she visited the Obama White House eight times.

And, worse yet, Ms. Buntin helped craft a healthcare policy paper that was a blueprint for Obama-Care. Which she claimed would would create $1.5 trillion in government savings over the next decade.

CBO said the federal government would save roughly $84 billion due to the Medicaid change, though low-income people in the states that opt out might find it harder to afford insurance.

In other words, these so-called savings are only due to fewer people getting healthcare coverage than Obama-Care had projected. It is only because some of the states will not expand Medicaid.

The scorekeeper also said that repealing the law, as Republicans have proposed, would increase federal deficits by $109 billion in 10 years.

The most recent CBO scoring prior to this claimed that Obama-Care would cost an additional $1.7 trillion dollars over the next ten years. So how can repealing it increase the federal deficit at all?

This just shows how utterly politicized these CBO estimates have become.

The new estimates could help Democrats push back against GOP arguments that the Affordable Care Act is a budget-buster. CBO has consistently said the law will reduce the deficit through revenue increases and cost-controls for the healthcare system…

No they have not. Even the CBO has had to admit that Obama-Care will increase the deficit.

According to Forbes Magazine, in March 2010 the CBO’s gross cost projection for Obama-Care was $938 billion over 10 years. When the CBO issued its update in March 2011, the 10-year cost projection was increased to $1.44 trillion. And the CBO’s 2012 projection released in April put the gross cost at $1.76 trillion through 2022. (Which is double their original estimate.)

But none of the CBO’s projections ever saw Obama-Care as a budget saver.

This article was posted by Steve on Wednesday, July 25th, 2012. Comments are currently closed.

2 Responses to “Obama Supporter Cuts Obama-Care Costs By $84B”

  1. GetBackJack says:

    Libtards cannot tell the truth.

    If they did, they know they would be strung up from telephone poles before the end of the day.

  2. untrainable says:

    …made the law less expensive but will result in 3 million more people without health insurance. So i’ts less expensive, but fewer people are covered. And this is good? WHAT ABOUT THE CHILDREN…. [sob!] I mean the CBO’s estimates are always wrong, so if they say it will cost less… it will certainly cost more and more as time passes and its roots grow into every other government honeypot. Fewer people are covered… this is probably true, but the number will most likely be much much larger considering that they are admitting to 3 million so freely.

    Let’s see 84 billion dollar savings, but 3 million fewer insured. So they are paying $28K/yr to insure 1 person? OK, if that’s the formula… buy 3 million more $28,000/year insurance policies. Wow, that’s a pretty hefty policy. Maybe people shouldn’t get insurance that is that expensive. That wouldn’t be fair. How about a $7000/yr policies for everyone and the other $21000 per person can go to the democrat national committee. I hear they’re having trouble collecting dues this year. (That’s probably closer to truth than I care to think about.)

    These numbers just prove that the cost of healthcare under O’Heartless-Care is going to increase by an order of magnitude as the government is allowed to finish getting its hooks in.

    I’ll pay the fine and collect the $28K they don’t have to spend on me. That’s fair.

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