ACA Effects on Seniors: Costs Exceed Benefits by 15 to 1

[A]ccording to the Congressional Budget Office, for every $500 the law spends on preventive services and prescription drugs, it cuts the rest of Medicare by $7,385. That’s a cut-to-spending ratio of nearly 15 to 1.


Sources: Avik Roy, CBO.

Comments (9)

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  1. Alex says:

    Wait, are you saying that Obama was being less than truthful? I’m not sure if I can believe that John…

  2. Devon Herrick says:

    The Administration must believe seniors will enjoy their new benefits more than they dislike the inconvenience caused by Medicare cuts. Some of the inconveniences might include: problems finding a doctor who will treat them; problems getting a timely appointment because their doctor is overbooked; having to pay a retainer for a concierge doctor who will see them on a timely basis; losing their Medicare Advantage plan, losing enhanced benefits if they retain their Medicare Advantage plan.
    It sounds to me like the costs outweigh the benefits.

  3. Nichole says:

    Economy does not lie in sparing money, but in spending it wisely.
    Thomas Huxley

  4. Billy Scout says:

    Nothing justifies a 15:1 ratio. Seniors are NOT better off with ObamaCare. Poor health care quality? poor access to doctors? lack of benefits? This system does not have their best interest.

  5. Jack Klein says:

    I thought this was a surprising fact, so I took the time to look up the sources that John Goodman cites in support of his claim. One is a link to an article in Forbes, written by a Romney campaign advisor. In fact, this is basically just a repost of one of the graphs in that article, so take this information with a grain of salt.

  6. Robert says:

    Hearing extremes from both sides, it can be difficult to decipher and predict what will happen. At least for me.

  7. Ender says:

    Romney broght this up last night in the debate. As expected, Pres. Obama didnt respond.

  8. Jordan says:

    That CBO report comes right out and says that they, and the JCT, can’t make accurate projections because they have no idea what the executive branch is going to do in regards to the ACA.

    Bureaucratic uncertainty leads to wasted tax dollars and irresponsible legislation. That kind of uncertainty has a huge effect on the market though.. I wonder how much it is really costing us.

  9. Baker says:

    I’d say spending cuts could be helpful, if done properly. Cutting to spend elsewhere is not acceptable.