Democrats liked to quote the CBO about PPACA. CBO did issue a judgement about PPACA saying it could save a 100 billion over ten years; however, these supposed savings keep getting chipped away. No one is really paying attention. Nor did the Democrats fully read the CBO opinion. They clarified saying that there was not enough good information and these are not full judgments because of the lack of information.
Here are some good recent writings from the CBO.
On budget predictions from 2010-2019-
A detailed year-by-year projection, like those that CBO prepares for the 10-year
budget window, would not be meaningful over a longer horizon because the
uncertainties involved are simply too great. Among other factors, a wide range of
changes could occur—in people’s health, in the sources and extent of their
insurance coverage, and in the delivery of medical care (such as advances in
medical research, technological developments, and changes in physicians’
practice patterns) —that are likely to be significant but are very difficult to
predict, both under current law and under any proposal.
Doc Fix-
CBO expects that the reconciliation proposal and the Senate-passed health bill would yield a net increase in $260 billion in budget deficits during the decade beyond 2019.
In effect, the majority of the HI trust fund savings under
H.R. 3590 and the reconciliation proposal would be used to pay for other
spending and therefore would not enhance the ability of the government to pay for
future Medicare benefits.
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