CMS report shows CBO was wildly off base in Obamacare estimates

Someday, when an in-depth history of the Obamacare law is written, an entire chapter will be devoted to the Congressional Budget Office estimates over the years that have had such a huge impact on the nation's health care system. The Centers for Medicare and Medicaid Services issued a report on health care spending and, in a footnote at the end of the document, estimated the impact of the elimination of the individual mandate from Obamacare.  The CBO estimated that a whopping 14 million people would lose coverage.  But CMS discovered that estimate to be wildly off base.  The real number is closer to 2.5 million.  This has been a pattern by CBO since the law was being debated a decade ago.  In fact, their estimates on the number of people who would purchase insurance as a result of the mandate were used by policymakers in determining that the mandate was vitally necessary to the success or failure of Obamacare —...(Read Full Post)
You must be logged in to comment.