How Paul Ryan’s Budget Proves the Federal Debt isn’t a Priority for Republicans

By: Tuesday April 1, 2014 1:20 pm

The CBO is diplomatically saying that their analysis of the Ryan budget is nonsense because he asked for a fake score

Obamacare: 7 Million Signups Isn’t 7 Million Covered

By: Tuesday April 1, 2014 9:13 am

When talking about health care the media has been conflating what are actually two very different things which just happen to contain the figure “7 million.” There is the 7 million signup benchmark for success set by the Obama administration and the 7 million covered by exchange plans projected by the Congressional Budget Office last year. While they may sound interchangeable they are not.

CBO’s Affordable Care Act Predictions Were Relatively Accurate

By: Wednesday March 5, 2014 10:27 am

The Congressional Budget Office’s original projections about the Affordable Care Act back in 2010 have ended up being very close to the actual result so far, according to a new article from the agency. Back in 2010 the CBO concluded the coverage expansion provision in the law would cost the federal government $759 billion during [...]

CBO: Supreme Court ACA Ruling Could Result in 3-4 Million Fewer Gaining Coverage

By: Tuesday July 24, 2012 12:16 pm

The Congressional Budget Office now estimates that roughly four million fewer Americans will likely gain insurance coverage in 2014 and three million fewer in 2022 as a result of the Supreme Court ruling. Most of the drop in coverage will be the result of states exercising their option to not expand Medicaid. In previous estimates [...]

CBO: Paul Ryan’s GOP Budget Would Massively Cut Medicare and Medicaid

By: Tuesday March 20, 2012 12:01 pm

According to the Congressional Budget Office analysis of the Paul Ryan (R-WI) House Republican budget outline, at least what can be analyzed given that Ryan leaves huge unanswered questions about how his tax provision would even work, the plan calls for massive cuts in public health care spending. The result of the cuts would be [...]

CBO: Big Drop in Employer Provided Insurance Could Decrease the Deficit

By: Thursday March 15, 2012 2:25 pm

The Congressional Budget Office has looked at the potential impact of companies choosing to drop their employee provide health insurance as a result of the Affordable Care Act. According to its analysis if a large number of companies stop providing health insurance benefits it should cause the ACA on net to decrease the deficit even [...]

Remember When a Possible 9 Percent Unemployment Was Considered a Huge Crisis?

By: Wednesday August 24, 2011 11:32 am

The latest long term budget projections from the Congressional Budget Office assume that unemployment will be very high for years to come. From the CBO: CBO expects that the recovery will continue but that real (inflation-adjusted) GDP will stay well below the economy’s potential—a level that corresponds to a high rate of use of labor [...]

Reminder Most Senators Will Be Long Dead before Social Security Trust Fund is Exhausted

By: Friday August 5, 2011 9:30 am

The Congressional Budget Office is out with a new report about the projected long term solvency of Social Security. The report reaffirms the basic fact that it will be roughly 27 years until the Social Security Trust Fund is exhausted. CBO projects that the trust funds will be exhausted in 2038. In the following year, [...]

CBO Report on Debt Ceiling Deal Released

By: Monday August 1, 2011 12:19 pm

The official Congressional Budget Office report on the debt ceiling deal has been release. From the CBO Summary: Establish caps on discretionary spending through 2021; Allow for certain amounts of additional spending for “program integrity” initiatives aimed at reducing the amount of improper benefit payments; Make changes to the Pell Grant and student loan programs; [...]

CBO: Ryan’s Budget Plan Means Worse, More Expensive Coverage for Poor, Old and Disabled

By: Wednesday April 6, 2011 8:43 am

Paul Ryan’s Republican budget plan would privatize Medicare and dramatically slash Medicaid over time. The result: senior citizens, poor children and the disabled paying dramatically more for care, getting worse health insurance coverage and/or losing coverage altogether, according to a report by the CBO. Under the proposal, most elderly people would pay more for their [...]