Here's something you didn't see a lot about if you relied solely on the "shiny object" media for your news....
The Congressional Budget Office released their post-Supreme Court ruling reassessment of ObamaCare earlier today, and — unexpectedly — the latest numbers are even less attractive than we originally estimated. Who could’ve seen this coming?
The nonpartisan Congressional Budget Office on Tuesday said President Obama’s healthcare reform reduces the deficit by $109 billion over ten years.
This is a new re-estimate in light of June’s Supreme Court ruling upholding the law and it is a smaller deficit savings than CBO had previously projected.
CBO said the ruling added uncertainty to its estimates but it has put forward a number that comes down in the middle of possible outcomes.
In March 2011, CBO said that ‘Obamacare’ would reduce the deficit by $210 billion over ten years, despite increasing spending by $1.042 trillion over 10 years.
Despite their insistence that ObamaCare is going to help bring down the deficit (I remain wildly and incorrigibly skeptical), this is still just a fancy way of saying that ObamaCare is going to cost more than they originally thought — or, rather, more than they originally and miraculously managed to convince themselves it was going to cost.
Wow - didn't see that coming did you? Well you did if you actually READ THE BILL...
Something else that supporters of the bill (ie people who didn't actually read the bill before they passed it) didn't see coming was this.
About one in 10 employers plan to drop health coverage when key provisions of the new health care law kick in less than two years from now, according to a survey to be released Tuesday by the consulting company Deloitte.
Nine percent of companies said they expect to stop offering coverage to their workers in the next one to three years, the Wall Street Journal reported. Around 81 percent said they would continue providing benefits and 10 percent said they weren't sure.
What was it the President promised...if you like your coverage you get to KEEP IT? Oh well these people must not "like" their coverage....
And then there is this "shocking" (to those who didn't read the bill) surprise, that folks like me who did read the bill, predicted.
When Democrats in Congress pushed the Obamacare bill through, pro-life groups warned about rationing that could take place as a result. Although liberal groups and the mainstream media laughed at the projections, they are now coming to pass.
A new report from Kaiser Health indicates states are now moving in the director of capping or cutting prescription drug benefits.
Illinois Medicaid recipients have been limited to four prescription drugs as the state becomes the latest to cap how many medicines it will cover in the state-federal health insurance program for the poor.
Sixteen states impose a monthly limit on the number of drugs Medicaid recipients can receive and seven states have either enacted such caps or tightened them in the past two years, according to the Kaiser Family Foundation (KHN is a program of the foundation). The limits vary across the country. Mississippi has a limit of two brand-name drugs. In Arkansas adults are limited to up six drugs a month.
Since June, Alabama has had the nation’s stingiest Medicaid drug benefit after limiting adults to one brand-name drug. HIV and psychiatric drugs were excluded. On Aug. 1 the state will relax the limit to its previous level — four brand-name drugs — after the restriction saved more money than expected and the state received money as part of a settlement with a pharmaceutical company.
Other states with Medicaid drug limits are Arkansas, California, Kansas, Kentucky, Louisiana, Maine, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah and West Virginia.
So tell us again how those of us who actually READ THE BILL don't understand what's in the bill?