Find out more →

Get unlimited access. Become a digital member!

Tuesday, July 24, 2012

Supreme Court ruling on health care will save money

Posted By 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.

Tags: ,

Speaking of Health Care Reform, Affordable Care Act

  • Five carriers will sell policies on Arkansas Health Insurance Marketplace in 2015; all expected to sell statewide

    July 2, 2014
    The Arkansas Insurance Department today announced that five companies plan to sell health insurance plans on the Arkansas Health Insurance Marketplace in 2015, the second year for the regulated marketplace created by the Affordable Care Act. The issuers that have filed are Arkansas Blue Cross Blue Shield, the national multi-state Blue Cross Blue Shield, Celtic Insurance Company (selling in Arkansas as Ambetter), and two companies owned by the parent company QualChoice Holdings: QualChoice Life and Health Insurance Company, Inc. and QCH Health Plan Inc. /more/
  • Picking apart the teachers' insurance "fix" just approved by the legislature

    July 2, 2014
    The crisis in the public school employee (PSE) insurance system is complicated. The politics behind it are complicated. The solutions just passed by the legislature to once again shore up the troubled fund — those are complicated, too. But the underlying reason behind the fund’s insolvency is simple: the public isn't paying enough for its share of PSE insurance. /more/
  • State-appropriated funding for Obamacare guides ends; outreach will depend on private funding

    July 1, 2014
    Today, the first day of the new fiscal year, marks the end of state-appropriated funding for more than 500 outreach workers known as In-Person Assistant (IPA) guides, charged with education, outreach, and enrollment help for the new insurance options available under the Affordable Care Act. The Arkansas Insurance Department has closed contracts with the 27 organizations tasked with hiring and overseeing 537 guides throughout the state. The change comes because of an amendment to the private option adopted in last year's fiscal session. In some cases, workers will be laid off and those guide positions will simply end; in other cases, organizations may seek private funding to continue the guides' work or may continue to employ the guides themselves, adding the positions within their own scope of work. /more/
  • Tom Cotton declines to take stance on state minimum wage and private option

    July 1, 2014
    At a press conference today, Rep. Tom Cotton declined to take positions on two big issues likely to get a lot of political attention in Arkansas in the coming months. He wouldn't say where he stood on the state minimum wage hike, saying he was going to focus on "what I can accomplish in Washington for Arkansas families" and continued to dodge questions about his stance on the private option. /more/
  • State officials announce details for planned health savings accounts and cost-sharing for private option

    June 17, 2014
    Lawmakers today got the first glimpse at details of the changes coming to the private option in 2015, including the creation of "Health Independence Accounts" and cost-sharing for beneficiaries below the poverty line. /more/
  • Bird poop and a parrot: Club for Growth goes after Pryor with misleading ad

    May 30, 2014
    The Club for Growth released an ad this week going after Sen. Mark Pryor on (what else?) Obamacare. The ad tries to tie Pryor to President Barack Obama’s much-maligned “if you like your plan, you can keep your plan” promise. The gimmick is a parrot: Obama is saying stuff, and Pryor is saying the same stuff! It's like he's parroting Obama! The thing is, Pryor didn't actually say what's implied in the ad. /more/
  • Eligibility verification not complete for nearly 5,000 private option beneficiaries; coverage will end May 31 until process is complete

    May 29, 2014
    A technical glitch led to almost 4,798 Arkansans gaining private option coverage prior to fully completing the eligibility verification process. The error was rooted in the way that the federal government submitted data from healthcare.gov to the state. These people have received letters from the Department of Human Services indicating that their private option coverage will end on May 31; in order to regain coverage, they must go back to healthcare.gov and complete the application process. /more/
  • More than 170,000 have gained coverage under private option; population continues to lean young

    May 27, 2014
    According to testimony today from the Arkansas Department of Human Services, 170,033 people through the end of April have been deemed eligible and gained coverage under the private option, the state's unique plan using Medicaid funds to purchase private health insurance for low-income Arkansans. This likely means that the policy has already made a significant reduction in the rate of uninsurance in the state. The private option has also made the Arkansas Health Insurance Marketplace as a whole significantly younger, which could help lead to lower premiums in the future. /more/
  • The private option and the Republican primaries

    May 20, 2014
    Roundup on the GOP primaries in which the private option played a heavy role: three private option supporters win, two go down, and one is heading to a runoff. And the Senate — where the margin for re-authorization is extremely tight — now appears to be one vote short. /more/
  • No, there is a not a "bailout" for the Arkansas private option

    May 19, 2014
    Apparently if you call something a “bailout,” people won’t like it! This is the approach taken in a piece on the private option posted earlier last week at Forbes, the third article Forbes has published in the last month or so criticizing the Arkansas plan. We take a look at some of their insinuations, and where things actually stand on the policy and politics of the private option. /more/
  • More »

Comments (7)

Showing 1-7 of 7

Add a comment

 
Subscribe to this thread:
Showing 1-7 of 7

Add a comment

More by Max Brantley

  • Governor candidates talk about hog farms in Northwest Arkansas

    Hog farming and the private option were among the points of disagreement in a joint appearance today by gubernatorial candidates Mike Ross and Asa Hutchinson.
    • Jul 22, 2014
  • Conflicting opinons on Affordable Care Act

    A D.C. Circuit Court of Appeals panel has ruled 2-1 that participants in federally operated health insurance exchanges in 34 states cannot qualify for federal subsidies. These are the states, including Arkansas, that didn't set up their own health insurance marketplaces and left it to the government. It will be a while before the ruling has an impact, if ever.
    • Jul 22, 2014
  • More »

Event Calendar

« »

July

S M T W T F S
  1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31  

Blogroll

 

© 2014 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation