Page 1 of 13 12311 ... LastLast
Results 1 to 10 of 121

Thread: Budget Office Lowers Its Estimate on Federal Spending for Health Care

  1. #1
    Quantum sufficit

    Threegoofs's Avatar
    Join Date
    Mar 2013
    Location
    The birthplace of Italian Beef
    Last Seen
    Today @ 07:16 PM
    Gender
    Lean
    Undisclosed
    Posts
    27,308

    Budget Office Lowers Its Estimate on Federal Spending for Health Care

    WASHINGTON — The growth of federal spending on health care will continue to decline as a proportion of the overall economy in the coming decades, in part because of cost controls mandated by President Obama’s health care law, the nonpartisan Congressional Budget Office said on Tuesday.

    The budget office said in its annual 25-year forecast that federal spending on major health care programs would amount to 8 percent of gross domestic product by 2039, one-tenth of a percentage point lower than its previous projection.

    With the latest revision, the budget office has now reduced its 10-year estimate for spending by Medicare, Medicaid and other health programs by $1.23 trillion starting in 2010, the year the health care law took effect. By 2039, the savings would amount to $250 billion a year today, or about 1.5 percent of the economy.

    http://www.nytimes.com/2014/07/16/bu...care.html?_r=0

    This is the biggest news that no one is talking about. I guess scary stories are better for pageviews and eyeballs.

    This is a massive shift. In fact, its exactly what Obama discussed when he talked about 'bending the cost curve' of Medicare. Exactly.

    Heres a nice graph showing the budget impact.



    Thats total federal government spending... a massively lower projection.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

  2. #2
    Quantum sufficit

    Threegoofs's Avatar
    Join Date
    Mar 2013
    Location
    The birthplace of Italian Beef
    Last Seen
    Today @ 07:16 PM
    Gender
    Lean
    Undisclosed
    Posts
    27,308

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    I guess since this news hasn't been on TV (and definitely hasnt been on Fox), all the Obama and ACA haters are declining to comment.

    Then again, maybe its not really 'news', since these stories were being reported over a year ago (to the same chorus of crickets).

    New Data Suggests Obamacare Is Actually Bending The Healthcare Cost Curve - Forbes
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

  3. #3
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    01-13-18 @ 04:38 PM
    Lean
    Conservative
    Posts
    6,418

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Threegoofs View Post
    I guess since this news hasn't been on TV (and definitely hasnt been on Fox), all the Obama and ACA haters are declining to comment.

    Then again, maybe its not really 'news', since these stories were being reported over a year ago (to the same chorus of crickets).

    New Data Suggests Obamacare Is Actually Bending The Healthcare Cost Curve - Forbes
    Lets see, in 2000 it was 3% and now it's 5% and then I notice the yellow line keeps going up as a % of GDP. How is this saving anything? Healthcare as a % of GDP keeps rising, how is this bending the cure down? I don't see anything going down only up. If your clapping because the chart shows a separation between the yellow and blue line does not excite me, our national debt keeps going up not down, how is that a good thing?
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  4. #4
    Sage
    mpg's Avatar
    Join Date
    Oct 2005
    Location
    Milford, CT
    Last Seen
    Today @ 06:43 PM
    Gender
    Lean
    Libertarian
    Posts
    7,771

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Wait, so Obamacare is a spending CUT?
    If you expect people to be rational, you aren't being rational.

  5. #5
    Quantum sufficit

    Threegoofs's Avatar
    Join Date
    Mar 2013
    Location
    The birthplace of Italian Beef
    Last Seen
    Today @ 07:16 PM
    Gender
    Lean
    Undisclosed
    Posts
    27,308

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Born Free View Post
    Lets see, in 2000 it was 3% and now it's 5% and then I notice the yellow line keeps going up as a % of GDP. How is this saving anything? Healthcare as a % of GDP keeps rising, how is this bending the cure down? I don't see anything going down only up. If your clapping because the chart shows a separation between the yellow and blue line does not excite me, our national debt keeps going up not down, how is that a good thing?
    Ah. Your standard for US success is economic collapse.

    Maybe you should read some basic economics before you actually comment.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

  6. #6
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    01-13-18 @ 04:38 PM
    Lean
    Conservative
    Posts
    6,418

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Threegoofs View Post
    Ah. Your standard for US success is economic collapse.
    You call healthcare taking a bigger share of our GDP a success. Not in my book. Only a liberal has that logic.

    Further I recall Obama promising everyone we would see a $2,500 reduction a year in their healthcare cost . Never happened. And Obamacare was supposed to bend the curve down, all I saw on your chart are lines going up.

    Last why don't you try answering once, rather than throwing out your BS
    Last edited by Born Free; 07-20-14 at 04:33 PM.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  7. #7
    Quantum sufficit

    Threegoofs's Avatar
    Join Date
    Mar 2013
    Location
    The birthplace of Italian Beef
    Last Seen
    Today @ 07:16 PM
    Gender
    Lean
    Undisclosed
    Posts
    27,308

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Born Free View Post
    You call healthcare taking a bigger share of our GDP a success. Not in my book. Only a liberal has that logic.

    Further I recall Obama promising everyone we would see a $2,500 reduction a year in their healthcare cost . Never happened. And Obamacare was supposed to bend the curve down, all I saw on your chart are lines going up.

    Last why don't you try answering once, rather than throwing out your BS
    You don't need a lesson on economics.

    You need a simple review on reading graphs!

    It's a LOWER share of GDP!
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

  8. #8
    Sage
    Greenbeard's Avatar
    Join Date
    Aug 2013
    Location
    Cambridge, MA
    Last Seen
    Yesterday @ 10:40 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    5,752

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Threegoofs View Post
    It's a LOWER share of GDP!
    Almost like the curve is...bending.

  9. #9
    Sage
    Born Free's Avatar
    Join Date
    Sep 2011
    Location
    Sonny and Nice
    Last Seen
    01-13-18 @ 04:38 PM
    Lean
    Conservative
    Posts
    6,418

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Threegoofs View Post
    You don't need a lesson on economics.

    You need a simple review on reading graphs!

    It's a LOWER share of GDP!
    Maybe the chart should be turned upside down

    From your site you posted

    Despite the improvement, federal health care spending is still projected to grow faster than any other budget category as baby boomers retire and begin drawing from Medicare. Health care is on track to become the government’s biggest expense by around 2030.


    Over all, the budget office still sees federal budget deficits and the government’s outstanding debt growing at rates it calls unsustainable. Deficits are projected to remain at their current level of about 3 percent of G.D.P., or about $500 billion — a level that economists consider maintainable in a growing economy — through 2018 before rising to 4 percent and higher after that.
    Last edited by Born Free; 07-20-14 at 06:57 PM.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

  10. #10
    Quantum sufficit

    Threegoofs's Avatar
    Join Date
    Mar 2013
    Location
    The birthplace of Italian Beef
    Last Seen
    Today @ 07:16 PM
    Gender
    Lean
    Undisclosed
    Posts
    27,308

    Re: Budget Office Lowers Its Estimate on Federal Spending for Health Care

    Quote Originally Posted by Born Free View Post
    Maybe the chart should be turned upside down

    From your site you posted

    Despite the improvement, federal health care spending is still projected to grow faster than any other budget category as baby boomers retire and begin drawing from Medicare. Health care is on track to become the government’s biggest expense by around 2030.


    Over all, the budget office still sees federal budget deficits and the government’s outstanding debt growing at rates it calls unsustainable. Deficits are projected to remain at their current level of about 3 percent of G.D.P., or about $500 billion — a level that economists consider maintainable in a growing economy — through 2018 before rising to 4 percent and higher after that.
    Ooooh.

    You want the nation to get older and put millions more on Medicare and for it to be LESS expensive than it is now.

    Magical thinking. That's why you believe people like Palin.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

Page 1 of 13 12311 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •