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Healthcare ruling to save billions of dollars, says CBO

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posted on Jul, 24 2012 @ 11:23 PM
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Healthcare ruling to save billions of dollars, says CBO


www.bbc.co.uk

US auditors say the Supreme Court ruling upholding President Barack Obama's health law will save the government $84bn (£54bn) over 11 years.

The Congressional Budget Office (CBO) says most of the savings come from the Supreme Court's decision that states do not have to expand Medicaid programmes.

The CBO also found millions fewer poor people than it previously anticipated would be covered because of the ruling.

And it said that repealing the law would raise the deficit by over $100bn.
(visit the link for the full news article)




posted on Jul, 24 2012 @ 11:23 PM
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Whoa - that's a $184 BILLION difference in the deficit over 11 years between repealing and keeping (at least I think that's what it is saying?)


Republicans, including presidential candidate Mitt Romney, have warned the law will bloat deficits by trillions of dollars, and they are campaigning for its repeal.

But CBO director Douglas Elmendorf said in a letter to Republican House Speaker John Boehner that overturning the law would actually inflate the deficit by $109bn over a decade.


So who is telling the truth here??


www.bbc.co.uk
(visit the link for the full news article)
edit on 24-7-2012 by Aloysius the Gaul because: (no reason given)



posted on Jul, 24 2012 @ 11:32 PM
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This seems to be addressing the Medicaid "expansion" only.
(or lack there of in some cases)

But people who "would have been" included in Medicaid will now have to "buy" insurance by law.....right?

If they can't "afford" it, then the taxpayers will pay anyway...right?

It will still cost the Federal Government (You and Me) one way or another...right?



posted on Jul, 24 2012 @ 11:48 PM
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I found the BBC article to be potentially misleading.

US auditors say the Supreme Court ruling upholding President Barack Obama's health law will save the government $84bn (£54bn) over 11 years.

The Congressional Budget Office (CBO) says most of the savings come from the Supreme Court's decision that states do not have to expand Medicaid programmes.
The requirement that the states expand Medicaid was the one part of the law that the Court struck down. By getting rid of that part of the health care law, we are saving tons.



posted on Jul, 25 2012 @ 01:46 AM
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please explain how spending $2.6 trillion, saves any amount of money.



posted on Jul, 25 2012 @ 07:44 AM
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Just get socialized health care for the basics with doctors getting bonuses for healing people faster. Our healthcare system sucks in the USA. The industry grows and prospers by us being sicker. That is a bad thing. When will people wake up.

This new law doesn't fix that problem at all. It will temporarily lower costs but within ten years it will be the same again. Don't patch the system, fix the system. Regulate the quality of medicine, reward the discovery of medicine, get rid of patents in medicine altogether. Our form of medical care is wide open to corruption and will never work right. Our healthcare quality and healthy life of people has been dropping here in America when compared to other countries while costs are becoming the highest in the world. This is wrong. We have to bring regular production jobs back here to America and reduce the need for healthcare and insurance jobs.



posted on Jul, 26 2012 @ 12:02 AM
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reply to post by Aloysius the Gaul
 



indicating that the gross cost of the law would be $1.76 trillion for the years 2012-2022

www.cbo.gov...
www.washingtonpost.com...

This is a misleading article. The part of the mandate that WAS struck down will save us 80billion on a 1.76 trillion dollar project. So now it will only cost 1.68 Trillion. Awesome.



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