Future Obamacare Costs Keep Falling

[n2doc]

Nearly five years after President Barack Obama signed the Affordable Care Act into law, federal budget scorekeepers have sharply revised down the projected costs of the signature bill.

In the latest projection, published by the nonpartisan Congressional Budget Office on Monday, the major provisions of the law will cost the government 11% less than they forecast six weeks ago, or $142 billion over the coming decade.

Overall, the health-care law will now cost 29% less for the 2015-19 period than was first forecast by the CBO when the law was signed in March 2010. Back then, the CBO and the congressional Joint Committee on Taxation estimated that for the last five years of their 10-year projection, Obamacare would cost $710 billion. Now, they expect it will cost $506 billion for the same period.

In 2019, for example, the agencies project Obamacare will cost $116 billion, which is down 33% from the initial forecast for the same year made in 2010.



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http://blogs.wsj.com/economics/2015/03/09/future-obamacare-costs-keep-falling/?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

[cantbeserious]

1. But, But - The Republicans Are All For Saving Money - Or So We Are Led To Believe

eom

[Thinkingabout]

2. Dammit, this is n ot the message needed by the GOP. The reduction must be because Obama

Left out the Death Panels, he is trying to put the GOP to shame.