Fiscal Diagnosis Getting Tougher for ObamaCare

Caduceus with First-aid KitFour years after enactment of what is widely viewed as President Barack Obama’s key legislative achievement, however, it’s unclear whether the health care law is still on track to reduce the deficit or whether it may actually end up adding to the federal debt. In fact, the answer to that question has become something of a mystery.

In its latest report on the law, the Congressional Budget Office said it is no longer possible to assess the overall fiscal impact of the law. That conclusion came as a surprise to some fiscal experts in Washington and is drawing concern. (Roll Call)

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  1. Perry says:

    “In its latest report on the law, the Congressional Budget Office said it is no longer possible to assess the overall fiscal impact of the law.”

    Isn’t that convenient?

  2. Devon Herrick says:

    I don’t believe there is any question: it will add to the debt. The PPACA created an entitlement of sorts. State Medicaid programs will be drastically increased mostly at federal expense. There are new subsidies for low-income people to buy coverage in the exchange. These are all tangible costs.

    The funding mechanisms was primarily to take money from Medicare. This hasn’t happened.

    With new costs and less revenue than expected, the debt will go up.

  3. Mr Freedom says:

    Exactly right Devon! The only way Obama got this horrible bill passed was by manipulating its revenue and cost aspects in a totally deceptive manner. By having more years of tax increases and fewer years of benefits, this scheme was able to come in at under the magical $1 trillion mark. However, in addition, the CBO notoriously underestimates all federal program costs, and this one is a huge underestimate.

    Plus, all the law’s disincentives to work that are beginning to come to fruition, thus worsening the labor force participation problem plaguing our country. Hence, our fiscal situation is compounded even further.

    All in all, this law is costlier than expected, hurts workers, provides worse health care outcomes, and consolidates more power to the federal government.

    Nice going Barack.

  4. Thomas says:

    Would the federal government paying for Medicaid expansion not increase the deficit? I would think that ACA is highly costly and bring on more debt. New costs, more subsidies being issued than expected will add to it.

    • Jay says:

      I think it will all be mutually agreed upon that ObamaCare was a massive failure, only worsening the debt and the state of health care for future generations.

      • John R. Graham says:

        Thank you and I hope so. However, Medicare is a massive fiscal failure, and yet is very popular. It all depends on who wins and who loses. So far, ObamaCare is creating many more losers than winners. So, we can expect the opportunity for significant change under the next Administration.

  5. Andrew says:

    “When Congress passed the health care law in 2010, the CBO estimated it would reduce the deficit by more than $120 billion over a decade, compared to the agency’s current-law baseline projection of spending, revenue and the deficit.”

    Who did they fool into believing that?

    • James M. says:

      Well they tried to fool many young, healthy Americans to buy expensive plans they don’t need to pay for the older and sick Americans.