ObamaCare subsidies blow out initial CBO projections

[Soul Crusher]

http://www.latimes.com/nation/politics/la-na-obamacare-subsidies-20140617-story.html


Didn't see that one coming . . . . .

[dario73]

But it's ok because 7 million people were forced under threat of a monetary penalty to sign up for it. It's a huge success even if it was due to coercion.

[Straw Man]

http://www.latimes.com/nation/politics/la-na-obamacare-subsidies-20140617-story.html


Didn't see that one coming . . . . .

stop posting shit that you don't read and stop lying in the title of your threads

can you do that ?

of course you can't

[Soul Crusher]

stop posting shit that you don't read and stop lying in the title of your threads

can you do that ?

of course you can't

he large subsidies for health insurance that helped fuel the successful drive to sign up some 8 million Americans for coverage under the Affordable Care Act may push the cost of the law considerably above current projections, a new federal report indicates..

Nearly 9 in 10 Americans who bought health coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.

[Soul Crusher]

stop posting shit that you don't read and stop lying in the title of your threads

can you do that ?

of course you can't

How about this Obama cultist you are? 

http://dailycaller.com/2014/06/17/obamacare-payment-cuts-force-michigan-hospice-house-to-shut-down

[Straw Man]

he large subsidies for health insurance that helped fuel the successful drive to sign up some 8 million Americans for coverage under the Affordable Care Act may push the cost of the law considerably above current projections, a new federal report indicates..

Nearly 9 in 10 Americans who bought health coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.

how about you read the entire article

In fact, why don't you post the entire article next time instead of a link and your flawed intrepretation of the content that you got from just reading the headline

The large subsidies for health insurance that helped fuel the successful drive to sign up some 8 million Americans for coverage under the Affordable Care Act may push the cost of the law considerably above current projections, a new federal report indicates.

Nearly 9 in 10 Americans who bought health coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.

That assistance helped lower premiums for consumers who bought health coverage on the federal marketplaces by 76% on average, according to the new report from the Department of Health and Human Services.

Premiums that normally would have cost $346 a month on average instead cost consumers just $82, with the federal government picking up the balance of the bill.

While the generous subsidies helped consumers, they also risk inflating the new health law’s price tag in its first year.

The report suggests that the federal government is on track to spend at least $11 billion on subsidies for consumers who bought health plans on marketplaces run by the federal government, even accounting for the fact that many consumers signed up for coverage in late March and will only receive subsidies for part of the year.

That total does not count the additional cost of providing coverage to millions of additional consumers who bought coverage in states that ran their own marketplaces, including California, Connecticut, Maryland and New York. About a third of the 8 million people who signed up for coverage this year used a state-run marketplace.

Federal officials said subsidy data for these consumers were not available.

If these state consumers received roughly comparable government assistance for their insurance premiums, the total cost of subsidies could top $16.5 billion this year.

That would be far higher than projections this spring from the nonpartisan Congressional Budget Office that the 2014 subsidies would cost the federal government $10 billion. Instead, the number would be more in line with earlier estimates from the budget office, which had been revised downward when analysts believed fewer people would sign up for coverage. In the end, enrollment exceeded expectations.

The state-based marketplaces - a centerpiece of the Affordable Care Act - enable Americans who do not get health coverage at work to select among plans that offer at least a basic set of benefits. The plans cannot turn away sick people.

Consumers who make less than four times the federal poverty level, or about $94,000 for a family of four, qualify for subsidies to offset the cost of their premiums in most places.

Obama administration officials Tuesday focused on the availability of affordable coverage for millions more consumers.

“What we’re finding is the marketplace is working. Consumers have more choices, and they’re paying less for their premiums,” Health and Human Services Secretary Sylvia Burwell said in a statement.

But officials who worked on the report refused to speak on the record or discuss the potential impact of the subsidies on the long-term cost of the health law.

Although the law’s costs have thus far been lower than projected, some experts question whether the subsidies will be sustainable.

The Congressional Budget Office estimated in April that the annual cost of subsidies will rise to $23 billion next year and $95 billion in 2024, although the budget office continued to project that all the law’s costs will be offset by additional revenue it raises and by cuts in other federal healthcare spending.

[Soul Crusher]

how about you read the entire article

In fact, why don't you post the entire article next time instead of a link and your flawed intrepretation of the content that you got from just reading the headline

LOL - so tax hikes and cuts to places like medicare and the VA will pay for Kenya care and that is a good thing right?   Only to an Obama cultist

[RRKore]

"The Congressional Budget Office estimated in April that the annual cost of subsidies will rise to $23 billion next year and $95 billion in 2024, although the budget office continued to project that all the law’s costs will be offset by additional revenue it raises and by cuts in other federal healthcare spending."

Why SC, you's a cherry-picking fool.  lol
   

[Soul Crusher]

"The Congressional Budget Office estimated in April that the annual cost of subsidies will rise to $23 billion next year and $95 billion in 2024, although the budget office continued to project that all the law’s costs will be offset by additional revenue it raises and by cuts in other federal healthcare spending."

Why SC, you's a cherry-picking fool.  lol
   

So tax hikes to me and others to offset free shit for fags like straw and lurker is a good thing? 

[Straw Man]

So tax hikes to me and others to offset free shit for fags like straw and lurker is a good thing? 

your taxes haven't gone up at all and you likely don't make enough money to even pay any taxes

you're on this board 24/7 so unless Obama is going to institute a posting tax then you're safe

[I ETA PI]

your taxes haven't gone up at all and you likely don't make enough money to even pay any taxes

you're on this board 24/7 so unless Obama is going to institute a posting tax then you're safe

Yeah, taxes are only going up on the mean rich people that deserve it. 

[Straw Man]

Yeah, taxes are only going up on the mean rich people that deserve it. 

yeah, that's a real tragedy that taxes went up a few % points on people making over 400k

what are they, back to the dark days of the tax bracket of the Clinton era

Imagine if we went back to the tax brackets of the 1950's.

That's the time period that many Republicans say they wish they could go back to

[dario73]

Yeah, taxes are only going up on the mean rich people that deserve it. 

LOL!!

That is what those retarded democrat sycophants believe.

[Straw Man]

LOL!!

That is what those retarded republicans believe that democrat sycophants believe.

correction

[RRKore]

So tax hikes to me and others to offset free shit for fags like straw and lurker is a good thing? 

You're interpreting "additional revenues it raises" to mean raising taxes?  That's not clear from what's written.

And, anyway, $24 billion a year doesn't sound like so much compared to the defense budget...