Study Shows Health Care Reform Will Cost Government Over $1 Trillion
A new study, by Medicare Trustee Charles Blahous, shows that the original projections by the Congressional Budget Office (CBO) and the Medicare Trustees compared the Affordable Care Act (ACA) cost and savings projections to a baseline scenario that is different from what we actually face. This new analysis caused a great deal of criticism, but some experts argue that the report projects a distressingly accurate snapshot of the effects from the ACA.
Over the first 10 years of the ACA, government spending would be increased by over $1.15 Trillion, and this initial increase in federal deficit spending was hinted at by the CBO during the debate leading up to the passage of the ACA. According to Blahous, the savings within the health care reform bill would likely be delayed or ultimately become non-existant, while the cost increases are built into the law.
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