Posted on 10/25/2017 9:49:28 AM PDT by GIdget2004
A bipartisan deal to shore up ObamaCare's insurance markets would reduce the deficit by nearly $4 billion by 2027, according to a score released Wednesday by Congress's nonpartisan scorekeeper.
The bill, sponsored by Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.), would fund key ObamaCare insurer subsidies and give states more flexibility to change their ObamaCare programs.
The Congressional Budget Office (CBO) said in its report Wednesday that the bill would not substantially impact the number of people with health insurance.
On the flip side, a CBO report released in August concluded that not funding the insurer payments, called cost sharing reductions, would increase the federal deficit by $194 billion through 2026.
Not funding the payments, which reimburse insurers for giving discounted copays and deductibles to low-income patients, could cause premiums for the most popular ObamaCare plans to increase by 25 percent by 2020.
Many Republicans have struggled to support the bipartisan agreement, calling the payments "bailouts" for insurance companies.
But Alexander and Murray have said that the bill would stabilize the insurance markets and reduce the deficit.
(Excerpt) Read more at thehill.com ...
Ceasing to funnel tax dollars to insurance companies will increase deficit 190 billion or so? Lefty moron’s would believe that.
I say disband and get rid of the CBO. The slow learning assholes.
John McCain and one other Republican will vote against it.
Wasn’t this whole thing litigated a week or two ago? Didn’t President Trump say he wouldn’t sign such a bill into law?
That is chump change ...
I can’t believe they still have the nerve to trot out that old “reducing the deficit over 10 years” nonsense.
Yeah, I think I’ll reduce my credit card debt over 10 years, for now I’ll just put that widescreen 4K TV on my Mastercard.
Bailouts for insurance companies are a non-starter and indicative of how the swamp operates. $$$’s to insurance comes back in the form of political donations.
$4 billion over ten years doesn’t even qualify as a rounding error. I am not saying it is a bad thing, if it’s true, which there is very little reason to believe. I am saying that such an estimate is ludicrous on its face. It’s like saying that temperatures in Peoria will average .004 degree cooler over the next ten years. It’s below the threshold of measurement.
To quote the late Colonel Potter: “Horse Hockey’”.
Want to cut the deficit by even more? Defund NPR.
Has the CBO ever been right in any of its forecasts?
Would the goverment save all ObamaCare expenditures if it was just repealed?
NO - how hard is NO to understand
You took the words right out of my mouth. If the CBO had said $4T, I would have been delirious.
Hmmm, all those CSI shows always point to who/what benefited from the crime...in order to find the perp.
Let's see, who actually BENEFITED from the '08 crash...
1) Those in on the financial scams + those who saw the BS for what it was(house of cards), and bet against it
AND...
2) The demon'rat party(Presidency, 70(filibuster proof)Senate, large majority in House).
It's all about who/what controls the levers of power...which makes me think next year(mid-term elections)may bring about another financial slam(many of the same bubbles are MUCH bigger).
...and we know d@mn well who'll get the blame, the dem-media will see to it.
The deep state will sacrifice a few(some literally)just to put on a good show for the sheeple, but the major players will NEVER pay a price...because it would take too many 'rat people and organizations(business/politics/media/academia)down with them.
The only thing that TRULY threatens these cretins is a free/unfiltered/uncompromised internet, the consolidation(collusion)among internet service providers as well as blacklisting by major social-media players should be a warning to whats afoot on that front.
Even more if we just did full repeal.
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