GAO report shows Obamacare continues to be expensive
March 2, 2013 at 2:34 pm in News, ObamaCare by Dustin Siggins 7 Comments
Earlier this week, the Government Accountability Office (GAO) released an analysis of the Affordable Care Act’s (ACA/Obamacare) impact on the long-term deficits in America – “long-term” being defined as the 75-year window of budget analysis. According to National Review’s Andrew Stiles, “Senate Budget Committee staff has calculated, and GAO has confirmed, that it would amount to a $6.2 trillion increase in the federal deficit.”
The GAO did a very thorough job with the report. They compared a pre-ACA debt estimate to a post-ACA debt estimate over the long run, and did both a baseline (what current law states will happen) and alternative (what is likely to actually happen) policy analysis. It is under the alternative analysis that the $6.2 trillion increase was found, and this projected increase in long-term deficits is due to a variety of factors, including the difficulties of keeping the Obamacare cost controls in place and increased coverage of Americans.
This report won’t surprise any Tea Party activists, but it needs to get out to the public, and quickly. Stiles has a good summary of the report that should be very useful to activists across the country. There is still a chance the law can be taken apart before it is fully enacted next year, but it will take all of us working together.
Deserved credit goes to Senator Jeff Sessions (R-AL), the Ranking Member of the Senate Budget Committee, for asking GAO to conduct this study. It is yet one more weapon in the arsenal, and a powerful one at that.
the CBO says otherwise
Social security wasnt about welfare. then it added welfare,food stamps, SSDI,Obama phones etc.Expantion expansion. It cost 10s of times more than first reported covers more and regulates more. It has not left the country more socialy secure. Welfare may feed families and children but the hoops that applicants jump through to qualify has lead to the breakup of the nuclear family among its applicants to remain recipients. I remember as a child my father left 4 children in New York because they had better benefits and lead his life elsewhere. We were coached to lie so our moms and neibhors moms wouldnt lose benefits. I watched as the benefits covered drug abuse in a small percentage but caused fear in our projects.(I am white) The Government is lousy at providing and planning for social life so one must take a personal responsibility for that. Heath-scare is just a way to tie strings to puppets to get them to move as projected. The cost of it will be what freedoms we have left. History tells me both sets of numbers are to low as to the actual cost. od bless you Will I hope your eyes clear up
what does that have to do with what I said?
If the previous Comment is accurate,( I have not seen the CBO report) then we owe it to ourselves and the discussion we will have, to take a look at and compare the two for common ground, divergence and any inherent bias.
the one that says that medicaid spending estimates have been reduced
And that’s why this law will FAIL FAIL FAIL. The states have rejected the exchanges forcing the Feds to set’m up themselves. Feds do that the law won’t be implemented in time. Even if so, won’t be done so well. Feds fail at most things they try (frankly most of the things they’re doing right now). Obamacare will fail and America will win.
that’s what they said about social security