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Originally Posted by Guest
By Allison Graves on Sunday, March 12th, 2017 at 4:01 p.m.
According to a 2015 report from the Commonwealth Fund, the CBO overestimated enrollee total, but still offered projections closer to reality than four other forecasters (the Office of the Actuary of the Centers for Medicare and Medicaid Services, the RAND Corporation, the Urban Institute; and the Lewin Group).
Even the CBO released its own report in November 2015 that looked at how accurate their predictions have been, as well as what factors have contributed to forecasting errors.
On average, between 1982 and 2014, the CBO overestimated two-year revenue forecasts by 1.1 percent and six-year projections by about 5.3 percent.
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The CBO also assured us that Obamacare would decrease the deficit, just to point out one point of interest where they were wrong. The original theft from Medicare to subsidize Obiecare was also estimated at only going to cost us a couple billion, and it turned out to be almost a trillion dollar theft. The CBO states that it can only work with the figured provided them. So, the old saying of garbage in equals garbage out pertains.