Tuesday, July 24, 2012
Health Care Supreme Court ruling on health care will save money
Posted by Max Brantley on Tue, Jul 24, 2012 at 3:11 PM
But the bad news is that the savings will come from the fact that more people will be uninsured because many states, driven by Republican legislators, say they won't accept better health coverage for their citizens, even if paid by the government.
Talking Points Memo reports on a new CBO report:
The Congressional Budget Office projects that the Supreme Court’s health care reform decision will leave 3 million people who would have otherwise been covered under the Affordable Care Act without insurance, but will reduce the 10-year price tag of the law by $84 billion. The new projections suggest that the GOP’s recently renewed effort to repeal the entire law would increase 10-year budget deficits by over $100 billion.The court upheld the law’s core provisions late last month, but it also ruled that a provision requiring states to expand Medicaid eligibility up to 133 percent of the federal poverty line amounted to unconstitutional coercion — and effectively made the expansion optional.
As a result, CBO now estimates that, by 2022, six million fewer people will be enrolled in Medicaid than they projected before the Court’s decision. About half of those people will go without insurance, according to CBO, while the other half will enter Obamacare’s government-regulated insurance exchanges and receive federal subsidies to purchase private coverage.
The subsidies will cost the government $210 billion over 10 years — but the federal government will simultaneously save $289 billion thanks to reduced Medicaid spending. Combined with $5 billion in miscellaneous upward budgetary revisions, the net result is that the law is projected to cost $84 billion less than it was before the Court ruled.
Speaking of Health Care Reform, Affordable Care Act
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Obamacare, finally
March 28, 2013The Patient Protection and Affordable Care Act, aka Obamacare, celebrated its third birthday Saturday, and you get the feeling that the infant that was so widely unwanted after its difficult birth is gaining family adulation as it develops a personality and character. /more/
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Psst, Speaker Carter: the CBO says ACA reduces debt
February 23, 2013House Speaker Davy Carter has been staking a position for himself over the last week that sounds a little like Republicans in other states who’ve come out in favor of Medicaid expansion (Carter hasn’t gone there yet). /more/
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