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Thread: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

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    CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Obamacare repeal would blow out the deficit - Jun. 19, 2015

    The report, from the nonpartisan Congressional Budget Office, flies in the face of Republicans who have repeatedly claimed that the United States can not afford Obamacare. The report also finds that repeal of the Affordable Care Act would result in 19 million individuals losing their health insurance as early as next year and an estimated 24 million by 2020.

    The report does find that the ACA is a drag on the economy, although not for the reason that most Conservatives might suspect (e.g. Employers trying to cut costs by not hiring). Instead, the primary source of the drag on the economy is the prediction that fewer individuals will choose to join the workforce if they are able to obtain access to affordable health care without working.

    What are you thoughts on the report? And assuming that the Supreme Court upholds the legality of the ACA subsidies supplied to federally run exchanges (as most legal experts predict), what types of suggestions would you make for improving the law?

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Prior to Obamacare I believed our nation was in need of healthcare reform. Now that Obamacare is currently out, I believe our nation is in need of healthcare reform.
    “Most people do not listen with the intent to understand; they listen with the intent to reply.”
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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Quote Originally Posted by MrT View Post
    Obamacare repeal would blow out the deficit - Jun. 19, 2015

    The report, from the nonpartisan Congressional Budget Office, flies in the face of Republicans who have repeatedly claimed that the United States can not afford Obamacare. The report also finds that repeal of the Affordable Care Act would result in 19 million individuals losing their health insurance as early as next year and an estimated 24 million by 2020.

    The report does find that the ACA is a drag on the economy, although not for the reason that most Conservatives might suspect (e.g. Employers trying to cut costs by not hiring). Instead, the primary source of the drag on the economy is the prediction that fewer individuals will choose to join the workforce if they are able to obtain access to affordable health care without working.

    What are you thoughts on the report? And assuming that the Supreme Court upholds the legality of the ACA subsidies supplied to federally run exchanges (as most legal experts predict), what types of suggestions would you make for improving the law?
    Now the Democrats care about debt and deficit ?

    What type of changes would I suggest for changing the law ?

    Repeal it.

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Quote Originally Posted by Fenton View Post
    Now the Democrats care about debt and deficit ?

    What type of changes would I suggest for changing the law ?

    Repeal it.
    Oh I don't think that this proves Democrats care about the deficit, but it certainly takes away an argument from conservatives who still wish to repeal the law because of it's alleged impact on the deficit.

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    FWIW, the CBO report in question can be found at: http://www.cbo.gov/sites/default/fil...ACA_Repeal.pdf

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    replace it with Medicare for all.

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Quote Originally Posted by MrT View Post
    Oh I don't think that this proves Democrats care about the deficit, but it certainly takes away an argument from conservatives who still wish to repeal the law because of it's alleged impact on the deficit.
    Repeal it because if its impact on the economy and on the Middle class


    A growing economy equates to higher revenue and less dependance.

    We could save allot more than a 100 Billion dollars if the law was gone completely
    " If no one among us is capable of governing himself, then who among us has the capacity to govern someone else ? "
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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    States like Cali Colorado will be OK they run their own exchanges..

    If they repeal it, the Southern states will suffer the most, which is Fine and dandy with me, they vote for the garbage party anyways, if they get cancer , and have no HC let em die I don't give a ****..

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Quote Originally Posted by Fenton View Post
    We could save allot more than a 100 Billion dollars if the law was gone completely
    Not really. As the CBO pointed out in their typically understated way, if the ACA is playing any role in the huge and historic drop in health care cost growth (something they've conservatively opted not to incorporate into their financial estimates), then undoing those cost controls is going to be a lot more expensive for everyone than they've indicated in this analysis.

    Over the longer term, there is particular uncertainty about the ways that providers of health care will respond to the ACA’s reductions in the updates to Medicare’s payment rates and about whether repealing the ACA would weaken pressures for cost control that may have contributed to a broad slowdown in spending growth for health care.
    Nevertheless, it is difficult to dismiss the argument that implementation of the ACA’s provisions has in some way fostered a focus on cost control that has encouraged slower growth in spending. As one analysis concluded recently, however, “it is impossible to quantify how much the ACA has truly contributed to the reduced spending projections over time”—at least until more extensive data and analyses are available.30 Reflecting that view, CBO and JCT have not incorporated such an effect into this estimate. But to the extent that such an effect has occurred and would continue under current law, repealing the ACA would generate a larger increase in federal deficits than is estimated here. Specifically, repealing the ACA would cause spending on Medicare and Medicaid to grow more rapidly—and the substantial costs of the tax preference for employment-based health insurance to grow more quickly —than is reflected in this estimate.

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    Re: CBO Report: Repeal of Obamacare would ADD 100 Billion to the deficit

    Quote Originally Posted by ARTHUR 1976 View Post
    States like Cali Colorado will be OK they run their own exchanges..

    If they repeal it, the Southern states will suffer the most, which is Fine and dandy with me, they vote for the garbage party anyways, if they get cancer , and have no HC let em die I don't give a ****..
    Yes, the States that are running thrmselves into the ground by expanding Welfare need to spend even more on entitlements.

    Lol

    Gods speed, California to your inevitable insolvency.

    There will be no one to help you
    " If no one among us is capable of governing himself, then who among us has the capacity to govern someone else ? "
    Ronald Reagan

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