Quote:
Originally Posted by Bucco
you remember the one done in secrecy with nobody reading it until they had it passed and paid folks off with the favors to get their vote and handouts to the insurance companies....
"This morning the Mercatus Center is publishing my study, “The Fiscal Consequences of the Affordable Care Act,” which evaluates the comprehensive health care reform law (the ACA) enacted in 2010. In this study, I project that the ACA will add over $1.15 trillion to net federal spending and more than $340 billion to federal deficits over the next ten years, and far more thereafter.
That this law on which so many high hopes were placed will significantly worsen federal finances is an unfortunate but unambiguous result. The finding is based upon analyses published by the Congressional Budget Office (CBO) and CMS Medicare Actuary, and it reflects an optimistic fiscal scenario in which all of the law’s cost-saving provisions work as currently envisioned."
The Fiscal Consequences of the Affordable Care Act | e21 - Economic Policies for the 21st Century |
I wonder how the prescription drug benefit plan for Medicare affected government spending? Got any figures on that?