Report: Obamacare To Cost 'Billions Of Dollars Less Than Originally Projected'

[SidDithers]

http://talkingpointsmemo.com/livewire/report-obamacare-to-cost-billions-of-dollars-less-than-originally-projected

Among the GOP's myriad criticisms of the Affordable Care Act, one of the loudest has centered around the law's price tag. But according to one report, Obamacare won't be as costly as expected.

The New York Times reported Tuesday that "the government is expected to spend billions of dollars less than originally projected on the law."

The adjusted estimate is a result of the law's Medicaid expansion and the subsidies for private insurance plans proving less costly than initially anticipated. According to the Times, economists say that the law has also benefitted from a weak economy over the last half-decade, during which time health spending has slowed dramatically.

Times article referenced above is here:
http://www.nytimes.com/2013/12/03/business/affordable-care-act-so-far-seems-likely-to-cost-less-than-expected.html?ref=politics

Sid

[cilla4progress]

1. "Please, sir, can I have some more?"

I wonder if there is any "change" for a public option?

[NYC_SKP]

2. It should actually cost much less than doing nothing, it will defer other higher costs.

The higher costs including more expensive treatments for those who wouldn't have coverage or preventive care, and the cost to productivity of people being ill and unable to work.

Further, ACA will provide mobility so that people feel more free to take jobs that they LOVE and where they will excel.

Happy people are more productive, and healthier.

There's a lot more to this than the cost of implementation.

There are all the benefits!

K/R