- Joined
- Aug 10, 2013
- Messages
- 20,229
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- Cambridge, MA
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- Slightly Liberal
Tax the ever loving **** out of everyone, force every under Gov't thumb and control our lives
The ACA was supposed to spend new money on coverage expansions by (1) expanding Medicaid, (2) providing subsidies for private coverage in the marketplaces, and (3) offering tax credits to small business to provide coverage.
It was in turn supposed to more than offset that new spending with (1) savings to Medicare relative to the pre-ACA baseline, and (2) new revenues through a variety of changes to the tax code, excise taxes, etc.
I've looked up what was projected to happen with new health coverage spending under the ACA, expected Medicare savings, and new revenues.
I've also looked up what was actually spent, actually saved in Medicare relative to baseline, and actually raised under the ACA's tax changes (the latter is understated, as I've only included those revenues I could easily find, which leaves some revenue-raisers out, and some have only been reported through 2016 at this point). 2018 and 2019 numbers are projections at this point.
Turns out we can make the financial assistance under the ACA much more generous under the original financial envelope of what was promised back in 2009/10. So there's no reason not to. No additional taxes required.