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)
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