The article references a Heritage Foundation analysis.
Briefly what happened with the ACA is Medicare will absorb some of the benefits offered by Medicare Advantage while reducing payment to the private insurers. Privately owned Medicare Advantage typically costs the government 14% more than when the benefit is provided by Medicare.
The Heritage Foundation is calculating costs of the benefits lost (that was formerly provided by MA) and translating them into monetary loss for the Medicare beneficiaries and it could if the beneficiary decided they didn't want to give up that benefit that Medicare didn't pickup.
That is what some would call trimming the 'fat', or we could continue to provide, at taxpayer expense, the free aspirin, free Band-Aids, free blood pressure machine, free ear thermometer, gym memberships, flu shots that MA's provided.
“I’m worried that I will be the last Republican president.” - George W. Bush
We have to pass a bill before we can tell the public what is in the bill. Really? That's a fine position to take. Give me a break. There is nothing, NOTHING, preventing Congress from making available all the details of the bill to the public before they start the process of passing the bill. Nothing.
Secondly, even Congress didn't know what was in the bill. The reports of Congressmen not reading the bill in it's entirety are legion.
Senate Finance Committee Chairman Max Baucus (D-Mont.), one of the chief authors of the healthcare law, suggested Tuesday he did not read the entire piece of legislation.
Third, the fact that they passed a bill without reading it bit them in the ass:
In a new report, the Congressional Research Service says the law may have significant unintended consequences for the “personal health insurance coverage” of senators, representatives and their staff members.
For example, it says, the law may “remove members of Congress and Congressional staff” from their current coverage, in the Federal Employees Health Benefits Program, before any alternatives are available.
The confusion raises the inevitable question: If they did not know exactly what they were doing to themselves, did lawmakers who wrote and passed the bill fully grasp the details of how it would influence the lives of other Americans?
I will take what Pelosi stated at face value. I don't think she new what all was in it, when she voted for it.
"I can explain it to you but, I can't understand it for you"
More government while citizens are unemployed. Wouldn't less government and lower unemployment be better? Am I just dreaming?
James - 100% love this country but things could be better.
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
In fact that's a big part of the reason unemployment isn't improving more quickly. Private industry is adding over a hundred thousand jobs a month but state and local governments are cutting tens of thousands of jobs every month.