CBO on the aca and our debt

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Jul 15, 2014.

  1. g8orbill
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    g8orbill Gators VIP Member

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    http://www.theblaze.com/stories/201...e-cbo-is-saying-about-obamacare-and-the-debt/

    “The pressures stemming from an aging population, rising health care costs, and an expansion of federal subsidies for health insurance would cause spending for some of the largest federal programs to increase relative to GDP,” the report stated.

    “Federal spending for Social Security and the government’s major health care programs — Medicare, Medicaid, the Children’s Health Insurance Program, and subsidies for health insurance purchased through the exchanges created under the Affordable Care Act — would rise sharply, to a total of 14 percent of GDP by 2039, twice the 7 percent average seen over the past 40 years,” it added. “That boost in spending is expected to occur because of the aging of the population, growth in per capita spending on health care, and an expansion of federal health care programs.”

    CBO projects that this growth will make spending on federal health programs a major component of federal spending in 2039, when it’s estimated that the national debt will equal 100 percent of U.S. GDP.
  2. fredsanford
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    fredsanford VIP Member

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    Yep. And if nothing were done about healthcare, the numbers would be even worse.

    I am under no illusion that ACA was the perfect solution. But doing nothing was unacceptable also.
  3. g8orbill
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    g8orbill Gators VIP Member

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    the problem shab is what was done did nothing to fix anything and just created more bullchit nonsense-this was not about fixing anything-it was not about making sure those who didn't have insurance got insurance - it was about more guvment control-and controlled by the IRS of all agencies-how you can possibley think it was a good move is totally beyond me
  4. jimgata
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    The estimated cost now of Obamacare for the next decade or so, around 2 trillion dollars, trillion with a t.
    Last edited: Jul 15, 2014
  5. thedude60
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    thedude60 Active Member

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    What is the 10 year governmental cost of no healthcare for those helped by the ACA ? Just wondering...
  6. RealGatorFan
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    Or the cost we all will bear when we can't see a specialist for 6 months to a year. Ever hear of HelloMD? They are a new business based out of San Fran that does business there and in LA and Vegas. Their business is matching patients with specialists with a wrinkle - you got the cash, you get bumped to the top of the waiting list. Thanks to ACA, what used to take me a day or 2 at worst, will eventually be weeks to months. Something to keep an eye on.
  7. g8orbill
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    at this point dude there is no way of knowing
    hell they either can't or won't put out accurate numbers on who has actually signed up
    -who gets a subsidy
    -how much the subsidy is going to cost the taxpayer
    -how many of the 36+million who did not have health insurance now have health insurance
  8. fredsanford
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    fredsanford VIP Member

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    Wrong. ACA is already bending the cost curve down.
  9. g8orbill
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    please feel free to link that assertion
  10. jimgata
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    jimgata Premium Member

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    New York is facing a 22% rate increase.
  11. OklahomaGator
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    I thought Obamacare was revenue neutral and would even save us money. The president said so!
    • Agree Agree x 1
  12. g8trjax
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    g8trjax Well-Known Member

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    [​IMG]
  13. fredsanford
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    A. It is saving us money.
    B. No one said it would produce huge savings from day one. There are start up costs.
  14. g8orbill
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    again please feel free to link us to anything that proves your assertion
  15. fredsanford
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    “National health spending grew by 3.9 percent each year from 2009 to 2011, the lowest rate of growth since the federal government began keeping such statistics in 1960,” reports the Kaiser Family Foundation. Early data suggest that the numbers held into 2012. So the curve hasn’t just bent; it has bent more than ever.

    In a new paper, Harvard University scholars David Cutler and Nikhil Sahni calculate that if those numbers hold over the next decade, the government will save up to $770 billion, employers will save up to $430 annually on each covered worker and households will spend up to $290 less on annual health costs. “Slow health care spending growth might thus bring much-needed relief throughout the economy,” they write.

    http://www.washingtonpost.com/blogs...is-bending-does-obamacare-deserve-the-credit/
  16. g8orbill
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    so they calculate but no proven stats
  17. philobeddoe
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    philobeddoe Well-Known Member

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  18. fredsanford
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    The 2012 stats are proven.

    You quote doom and gloom future stats all the time that are nothing but projections.
  19. g8orbill
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    I feel much more confident in my figures than yours-especially since the aca didn't start fulltime til jan 2014
  20. jimgata
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    jimgata Premium Member

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    Obama said it would be lower. So there!
    You will have all your med bills free of charge and probably be given a nice check to spend as you please when you are sick.
    Everybody knows you can get something for nothing.

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