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March 12, 2015

CBO Estimates That ObamaCare 20% More Affordable

The Obama administration is taking a victory lap. The Congressional Budget Office revised its price tag for the implementation of the “Affordable” Care Act. Instead of spending upwards of a trillion dollars, the CBO said the federal government would only pay 20% less – $849 billion – over the next 10 years. It’s because America is spending less on health care, a trend that started three years before ObamaCare was passed. Now, such media outlets as The New York Times are crowing that this makes the political climate that much harder for Republicans to wipe away the law. But as Alyene Senger writes at The Daily Signal, “Obamacare is now projected to cost less than CBO projected in January, but it is because of factors outside of the law – not because Obamacare contains miraculous cost-saving policies.” The economic climate may cast the law in a favorable light, but its still a bad law. More…

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