GAO report shows Obamacare continues to be expensive
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.