Tuesday, January 27, 2015

A Funny Thing Happened on the Way to Obamacare -- It Got Cheaper.


Costs of health insurance are dropping. Somebody do something!

Republicans in Congress should be up in arms. Somebody should be up in arms! Did you see what Obamacare just did? It's outrageous! It's costing much less than projected. Harrumph.
CBO and JCT currently estimate that the ACA’s coverage provisions will result in net costs to the federal government of $76 billion in 2015 and $1,350 billion over the2016–2025 period. Compared with the projection from last April, which spanned the 2015–2024 period, the current projection represents a downward revision in the net costs of those provisions of $101 billion over those 10 years, or a reduction of about 7 percent. And compared with the projection made by CBO and JCT in March 2010, just before the ACA was enacted, the current estimate represents a downward revision in the net costs of those provisions of $139 billion—or 20 percent—for the five-year period ending in 2019, the last year of the 10-year budget window used in that original estimate.
That's right, the costs to the federal government of the ACA is coming in at 20 percent less than the original projections for the five-year period through 2019. Boy, government sure can screw things up, especially under the Kenyan-Marxist-fascist Obummer.

Somebody call the cops! There oughta be a law! Oh, wait, there is one, and it's called the ACA. And it's working better than expected.

Note. No one is saying that healthcare costs are shrinking, so don't pretend someone is saying that. But healthcare costs as projected in the estimates of the costs of Obamacare are in fact coming in nicely below projections. And that means Obamacare is working to control healthcare costs better than we thought. And that's a good thing, so be happy.

And single-payer junkies: Yes, single-payer would have been better, in that alternative universe where it was possible in 2009 America. We -- cough -- don't live in that one.

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