OK

This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.

ATTENTION: READ THE RULES.

  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) released an updated CBO report on the Affordable Care Act (Obamacare). It is much better than expected. It makes the lies that are continuously spewed about Obamacare even more incredulous and morally reprehensible.

The CBO report on Obamacare said the following.


The new estimates, which are included in CBO’s latest baseline projections, reflect CBO’s most recent economic forecast, account for administrative actions taken and regulations issued through March 2014, and incorporate new data and various modeling updates.

Relative to their previous projections, CBO and JCT now estimate that the ACA’s coverage provisions will result in lower net costs to the federal government: The agencies now project a net cost of $36 billion for 2014, $5 billion less than the previous projection for the year; and $1,383 billion for the 2015–2024 period, $104 billion less than the previous projection

Why does the CBO Report conclude the Obamacare numbers are improving?


The reductions in estimated federal costs are the net result of a combination of factors. The current projections:
  • Incorporate the economic forecast that CBO published in February 2014; because the projections of the effects of the ACA’s coverage provisions published in February were partial and preliminary, they did not incorporate the economic forecast published by CBO at that time.
  • Incorporate further analyses by CBO and JCT of exchange premiums and the characteristics of exchange plans.
  • Include revisions to estimates of the number of early retirees with employment-based coverage under the ACA.
  • Account for regulations and other administrative actions that were put in place between early December 2013 and the end of March 2014.
President Obama has always made a moral case for affordable healthcare. He also made the case that unless the cost curve of healthcare was flattened, exploding deficits would continue. As the CBO Report shows, that curve is flattening.
There is much more good news in the report. Specifically,
  • The budgetary impact of Obamacare is smaller.
  • Premiums are lower than expected.
  • The rise in premium for 2015 is projected to be less than expected.

It was always known that if Obamacare was allowed to flourish, it would be mostly successful. After-all, it was successfully working in Massachusetts. Any big new social program will have problems that need fixing. Scrapping Obamacare instead of fixing any issues that arise would be fiscally and morally irresponsible



LIKE My Facebook PageVisit My Blog: EgbertoWillies.com

Intro

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Extended (Optional)

Originally posted to ProgressiveLiberal on Tue Apr 15, 2014 at 09:28 AM PDT.

Also republished by Obamacare Saves Lives.

EMAIL TO A FRIEND X
Your Email has been sent.