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Why the Supreme Court Decision on Obamacare May Dramatically Increase the Deficit
forbes.com ^ | June 28, 2012 | Avik Roy

Posted on 06/28/2012 11:53:02 AM PDT by Free ThinkerNY

An unappreciated point about today’s Supreme Court ruling is that it will have significant consequences for the federal deficit. It all comes out of the Court’s opinion that states have the ability to opt out of Obamacare’s expansion of Medicaid. Paradoxically, this decision by the Court could lead to dramatically higher government health-care spending. Here’s why.

The Affordable Care Act, as passed, expanded Medicaid to cover all adults below 138 percent of the federal poverty level (100 percent of FPL is $23,050 for a family of four). In addition, the law created state-based exchanges, which sell subsidized private insurance, for people between 100 and 400 percent of the federal poverty level. Roughly half of the law’s coverage expansion—17 million, according to the Congressional Budget Office—comes from Medicaid, and the other half—16 million—comes from the exchanges and other instruments.

(Excerpt) Read more at forbes.com ...


TOPICS: News/Current Events
KEYWORDS: bhoeconomy; debt; deficit; forbes

1 posted on 06/28/2012 11:53:05 AM PDT by Free ThinkerNY
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To: Free ThinkerNY

The point has been well recognized and is the primary reason business has not been hiring, even in though they’re banking profits.
New Employees become open ended liabilities.


2 posted on 06/28/2012 11:56:45 AM PDT by G Larry (I'm under no obligation to be a passive victim!)
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To: Free ThinkerNY

Really?? ... I thought you could definitely cover 30+ million more people for free ... </sarc>


3 posted on 06/28/2012 11:57:12 AM PDT by dartuser ("If you are ... what you were ... then you're not.")
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To: Free ThinkerNY

“May?!?!” Was there ever any doubt, even among all of us NON “elites?”


4 posted on 06/28/2012 12:02:50 PM PDT by cld51860 (Oderint dum metuant)
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To: Free ThinkerNY

But.. but.. the CBO promised it’d cut the deficits.

I guess we were just... misled.


5 posted on 06/28/2012 12:02:58 PM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: Free ThinkerNY

May? MAY?!?!?!?!?!?!?


6 posted on 06/28/2012 12:07:34 PM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: Free ThinkerNY

This report is very funny. As if Obamacare had any fiscal trajectory other than plunging 16,000 feet to a hard landing to begin with.


7 posted on 06/28/2012 12:30:10 PM PDT by Buckeye McFrog
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To: Free ThinkerNY

“Why?” Higher spending and lower revenues, that’s why. What do I win?


8 posted on 06/28/2012 12:40:03 PM PDT by Tax-chick (Spinach at every meal.)
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