This document responds to questions that the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) have received regarding their estimates of the effects of the Affordable Care Act (ACA). In their original analysis of the impact of the legislation, CBO and JCT estimated that, on balance, the number of people obtaining coverage through their employer would be about 3 million lower in 2019 under the legislation than under prior law. As reflected in CBO’s latest baseline projections, the two agencies now anticipate that, because of the ACA, about 3 million to 5 million fewer people, on net, will obtain coverage through their employer each year from 2019 through 2022 than would have been the case under prior law.If the goal was to move Americans from private, employer health insurance to government coverage ("single payer"), then the Democrats should have been honest about that. But single payer has been such a disaster in Canada that they would never have passed it. I am more inclined to think that this was simple stupidity. We have, after all, a President who thinks that Columbus couldn't get his startup funded because the establishment thought the Earth was flat.
Friday, March 16, 2012
Congressional Budget Office: Millions Will Lose Employer Health Insurance
I am not thrilled with the current scheme that ties health insurance to your employer, but decoupling should be a conscious and well-thought policy. The Congressional Budget Office is now saying: