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Bill USA

(6,436 posts)
Sat May 17, 2014, 05:27 PM May 2014

This CBO Report Is Another Big Win For Obamacare (> 12 million insured thru Obamacare)

I'm a bit late with this,and somebody may have posted this already, but I figure it bears repeating.



http://www.businessinsider.com/cbo-obamacare-report-how-many-people-are-insured-2014-4


More than 12 million people will gain health insurance under the Affordable Care Act this year, according to new projections released by the Congressional Budget Office Monday. And millions more stand to benefit from the law over the next decade.

At the same time, the law's costs to the federal government are shrinking. According to the new projections, the federal government will spend more than $100 billion less on Obamacare's coverage provisions through 2024 than previously projected. That includes a downward estimate of about $5 billion this year. Overall, spending on the federal and state insurance exchanges are projected to cost 14% less than originally forecast.

The CBO said plans offered through the exchanges are narrower, allowing companies to keep premiums low and the federal government to pay less in subsidies. The lower spending projections on the Affordable Care Act will help shrink deficits overall. The CBO said the federal government will now run a deficit of $492 billion in fiscal year 2014, which is almost a 33% decrease from 2013.


Through both the federal and state insurance exchanges and the expansion of the federal Medicaid program under the law, the CBO projects more than 12 million people now have insurance who wouldn't have normally been covered in the absence of the law. The CBO also projects 19 million people will gain coverage by 2015, 25 million more by 2016, and 26 million more by 2026.
(more)

Read more: http://www.businessinsider.com/cbo-obamacare-report-how-many-people-are-insured-2014-4#ixzz320iGDLRl
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This CBO Report Is Another Big Win For Obamacare (> 12 million insured thru Obamacare) (Original Post) Bill USA May 2014 OP
One of the receptionists at the peds office... 3catwoman3 May 2014 #1
Tell her it: Turns Out Obamacare Premiums Aren't More Expensive After All - Bill USA May 2014 #3
K&R Tarheel_Dem May 2014 #2
Republicans will keep repeating Benghazi, lol. This is what Americans want and then some, Jefferson23 May 2014 #4

3catwoman3

(23,812 posts)
1. One of the receptionists at the peds office...
Sat May 17, 2014, 07:35 PM
May 2014

...where I work was saying she knows of families whose deductibles are up to $12,000 because of the ACA. That certainly does not square with the success stories I have been reading here. Knowing that she watches Fox News, I decided not to get into it

Bill USA

(6,436 posts)
3. Tell her it: Turns Out Obamacare Premiums Aren't More Expensive After All -
Tue May 20, 2014, 04:00 PM
May 2014

the study of employer sponsored (group) plans, by Price WatershouseCooper's Health Research Insititute involved comparing costs of employer sponsored (group) plans for 156 million people in 2013 to the costs of the ACA plans. Note that the costs compared were before any subsidies (!). Also, of course, after the ACA everyone's health insurance has: no annual or Lifetime caps on treatments, no preexisting conditions limitations, free health maintenance procedures. And you are assured you won't have your insurance cancelled just when you need it most.


Turns Out Obamacare Premiums Aren't More Expensive After All(emphasis my own)


When the cost of an employer-provided health insurance plan is compared to the cost of an Affordable Care Act plan bought on a state health insurance exchange, the ACA plan will be more affordable on average, a new analysis from PricewaterhouseCoopers' Health Research Institute finds.

~~
~~
[div class="excerpt" style="width:60%;float:right;"]

Families USA[div class="excerpt" style="width:33%;float:left;background:#ffffff;"]But what about all those news stories about people whose premiums had shot way up? Those were often people whose pre-ACA insurance did not meet even the most basic standards set forth by the law.
[font size="3"]
"Some of the sticker shock noted among enrollees in the new exchanges is due to more comprehensive insurance coverage in the exchange plans," the PwC analysis notes, citing research in Health Affairs. "More than half the people in the individual market had coverage below the bronze level of 60%, the lowest level in the exchanges."

That means that the people most likely to see their rates going way up were people whose insurance would not actually have helped them much when they needed it most.[/font]

[div class="excerpt" style="width:33%;float:left;background:#ffffff;"]


link to article on the study on Families USA website.










Thanks to Playinghardball for posting this article and making us aware of it here:
http://www.democraticunderground.com/10024949994

Jefferson23

(30,099 posts)
4. Republicans will keep repeating Benghazi, lol. This is what Americans want and then some,
Tue May 20, 2014, 05:13 PM
May 2014

for their government to help lift them up.

K&R

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