CBO Now Finds Raising the Medicare Age Would Save Very Little Money

By: Friday October 25, 2013 8:03 am

The Congressional Budget Office has significantly revised its estimates of how much would be saved by raising the Medicare age from 65 to 67. Previously the agency thought this change would save $113 billion over ten years but their new figure puts the saves at only $19 billion. That is just a few billion a [...]

The CBO Isn’t Great at Predicting the Future

By: Thursday September 26, 2013 8:33 am

The Department of Health and Human Services (HHS) is excited that premiums on the exchanges ended up being roughly 16 percent below old Congressional Budget Office projections. While this is good news it is not really surprising. The CBO is simply not great at predicting the future. Its estimates have been significantly off on several [...]

A Broken Health Care System Is What Drives the National Debt

By: Tuesday September 17, 2013 9:20 am

This new chart from the Congressional Budget Office perfectly shows that our long term debt is all about our broken health care system.

RAND: One Year Delay in Employer Mandate Is Manageable but Repeal Would be Very Costly

By: Tuesday August 20, 2013 9:49 am

The RAND Corporation is out with a new study looking at what impact President Obama’s decision to delay the employer mandate for a year will have. Their results find the impact in 2014 will be manageable as long as it is truly just for one year. According to RAND, this delay will only result in [...]

Delaying the Employer Mandate Is a Significant Financial and Policy Move

By: Wednesday July 31, 2013 7:52 am

The Obama administration has repeatedly tried to downplay the importance of its decision to delay the employer mandate for a year, but it is actually one of the most significant unilateral actions taken by this president. It will have substantial policy and financial implications next year. According to the CBO, the move will cost the [...]

Premiums on the Exchanges Are Slightly Lower Than CBO Expected

By: Thursday July 18, 2013 9:18 am

Average premiums on the health insurance exchanges are coming in slightly lower than what the Congressional Budget Office predicted back in 2012. A new report for HHS compares these predictions from over a year ago to the premiums now being submitted by insurance companies in several states. From the HHS: This is modest good news for [...]

Administration’s Price Tag Obsession Could Still Politically Undermine Obamacare

By: Wednesday May 29, 2013 8:01 am

During the health care debate I considered one of the stupidest political moves made by the Obama administration was to put so much importance on the official price tag. A huge amount of time was wasted trying to a get a pretty CBO score and implementation was delayed past two elections in a pathetic attempt [...]

Projected Government Health Spending Down Almost a Trillion Since Deficit Hysteria Began

By: Monday May 20, 2013 11:32 am

It can’t be stressed enough how much our projected deficit problem basically fixed itself while most of Washington was trying to scaremonger the debt to justify cutting benefits. Paul N. Van de Water at CBPP did the math and found that since the recent round of deficit hysteria began in back in 2010, the CBO [...]

Government to Spend Roughly $340 Per Enrollee – Just to Operate Federal Exchanges

By: Tuesday April 16, 2013 6:57 am

Next year the federal government should spend over $340 on each person enrolled in the federally-run exchanges just to operate these marketplaces. My estimates are based on the new Health and Human Services (HHS) budget and Congressional Budget Office (CBO) reports. It puts per enrollee federal exchange spending at $341 for fiscal year 2014.* To [...]

Employer Provided Insurance System Continues to Erode

By: Monday February 25, 2013 12:02 pm

The number of Americans that get their health insurance through their employer continues to shrink. According to Gallup in 2011 44.6 percent of Americans got insurance from their employer and in 2012 it dropped to 44.5 percent. While overall the drop is small it more significant if you look only at non-government employees. From Gallup: [...]