Quote-of-the-day mailing list
-------- Original Message --------
Subject: qotd: CBO now estimates 31 million will remain uninsured
Date: Wed, 15 May 2013 10:37:10 -0700
From: Don McCanne <firstname.lastname@example.org>
To: Quote-of-the-Day <email@example.com>
Congressional Budget Office
May 14, 2013
CBO's Estimate of the Net Budgetary Impact of the Affordable Care Act's
Health Insurance Coverage Provisions Has Not Changed Much Over Time
Proposed regulations recently issued by the Department of Health and
Human Services and the Department of the Treasury expanded the number of
people who will be exempt from paying a penalty for being uninsured
relative to our previous expectations. CBO and JCT now expect that, as a
result of those regulations, between 500,000 and 1 million fewer people
will obtain health insurance coverage each year. In our current
projections for 2023, the ACA reduces the number of people without
health insurance by 25 million, leaving 31 million uninsured (compared
with 30 million in our February estimate).
Comment: After the Affordable Care Act is fully implemented ten years
from now, the number of people who will remain uninsured is estimated to
be 31 million. Since there will be a net gain of 25 million with
insurance, that means that Obamacare - a plan to cover everyone - will
have been only 45 percent effective in the goal of reducing the net
number of uninsured. Pretty lousy.
This result on the uninsured will put us just about where we were when
the Clintons began their effort to achieve universal coverage. It was a
crisis then, and it will still be a crisis after we've expended far too
much money and time on this terribly flawed effort.
Forget repeal, REPLACE!