"For the 2013–2022 period, CBO has reduced its estimate of Medicaid spending by $239 billion (or about 5 ½ percent) compared with its estimate in August 2012. Specifically, the revisions reflect both lower anticipated enrollment in Medicaid and lower expected costs per person. CBO now estimates that enrollment in 2022, for example, will be about 84 million, compared with the 85 million it projected last August. "
--http://www.cbo.gov/publication/43947
And that is how the deficit is theoretically reduced, through smoke and mirrors. ObamaCare is part of Medicaid, so if anything the numbers are too low.
CBO is supposedly non-partisan. I don't buy it. If they can convince CMS that Medicaid costs will be reduced I will take a second look, but I think CBO has very little credibility.
To show what I mean, here are some sample numbers:
CBO Aug 2012 projection of Medicaid spending in 2020 = 514
CBO Feb 2013 projection of Medicaid spending in 2020 = 476
CMS 2011 projection of federal Medicaid spending in 2020 = 530.9
No comments:
Post a Comment