Hello Plunderbund fans! I’m here to help you get on top of rightwing misinformation in a timely fashion.
The lie of the moment coming from the reckless right is that new CBO estimates say the Affordable Care Act will cost more than expected, and contribute to the deficit. Here’s Ohio Senator Rob Portman doing his bit to pass the confusion along to low information voters…
What folks like Senator Portman didn’t notice or didn’t choose to acknowledge is the CBO’s warning that this analysis does “not encompass all of the budgetary impacts of the ACA because that legislation has many other provisions, including some that will cause significant reductions in Medicare spending and others that will generate added tax revenues.”
The new CBO numbers are just a look at “the insurance coverage provisions” of the Affordable Care Act. That is to say, it’s a look at the spending side of the bill. So it doesn’t include the Medicare cuts (that don’t cut into Medicare benefits) or many of the tax increases, that pay for the legislation.
It’s like reading only the “outlays” side of the budget and ignoring the “revenues” part. Of course that would make the deficit look huge. ~Ezra Klein
According to Ezra, some of the confusion, or “confusion” is coming from the fact that this estimate is looking at a different timeframe than the original estimates.
The costs and the savings increase over time, with the savings increasing more than the costs.
The Congressional Budget Office has previously estimated that the ACA will, on net, reduce budget deficits over the 2012–2021 period; that estimate of the overall budgetary impact of the ACA has not been updated.
Thank you, Ezra Klein for your excellent article explaining all of this.
Rob Portman says this will mean higher fees for Americans. Removing co-pays on preventative care is actually a reduction in fees for Americans. For the people who, before the ACA, couldn’t get health insurance because of a pre-existing condition, this legislation is priceless. Life or death priceless. I’d like to see Rob Portman put a price on what it’s worth to Americans to know that our health insurance will never run out on us, the way it used to before the ACA when the insurance companies could put lifetime caps on our coverage. I’d like to see him look a mother in the eye and tell her that the fact that the ACA allows her child to stay on her health insurance until that child is 26, is something he’d like to take away.
I’d like to see Rob Portman look this woman in the eyes and listen to her story about her grandson…
No related stories.