Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
10-06-2014, 04:43 PM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Obamacare Might Have Enrolled Only 2.3 Million; Spent $73 Billion to Save Less Than $
The Independent Institute
Senior Fellow John Graham: "We’ve spent $73 billion on Obamacare so far. Gosselin has added up all the spending on health IT, grants, contracts, and subsidies, as shown in the chart below."
Obamacare Might Have Enrolled Only 2.3 Million; Spent $73 Billion to Save Less Than $6 Billion in Uncompensated Care
According to the latest report from the U.S. Department of Health & Human Services (HHS), it looks like the number of people who bought subsidized private
blog.independent.org
Obamacare Might Have Enrolled Only 2.3 Million; Spent $73 Billion to Save Less Than $6 Billion in Uncompensated Care
By John R. Graham • Tuesday September 30, 2014 1:38 PM PDT • 4 Comments
According to the latest report from the U.S. Department of Health & Human Services (HHS), it looks like the number of people who bought subsidized private insurance on Obamacare’s exchanges is only 2.3 million: “Based on an estimated 10.3 million decrease in the total number of uninsured and an estimated 8 million increase in the number covered by Medicaid, ASPE estimates that hospital uncompensated care costs will be $5.7 billion lower in 2014 than they otherwise would have been.” The difference between 10.3 million and 8 million is only 2.3 million, and that is quite a comedown from HHS’s May estimate that 8.1 million people “selected” private coverage in exchanges.
The number of newly insured is important, because if we asked an Obamacare advocate for a one-sentence justification for Obamacare’s increased federal spending on Medicaid or tax credits for private health insurance, it would go something like this: “People with health insurance will get timely primary care, and that will relieve the pressure on hospitals’ emergency departments.” This feel-good statement has been rolled out countless of times by advocates of so-called universal coverage. Empirically, it falls flat: Emergency departments are jammed with patients, post-Obamacare.
However, it does benefit hospitals, which can monetize more of their ED care, which was previously uncompensated. Let’s accept that $5.7 billion estimated drop in uncompensated care costs. How much did it cost taxpayers to buy that reduction?
The answer comes from Bloomberg Government’s Peter Gosselin: We’ve spent $73 billion on Obamacare so far. Gosselin has added up all the spending on health IT, grants, contracts, and subsidies, as shown in the chart below:
* * *For the pivotal alternative to Obamacare, please see the Independent Institute’s widely acclaimed book: Priceless: Curing the Healthcare Crisis, by John C. Goodman.
Tags: Affordable Care Act, Healthcare, Hospitals
Enjoy The Beacon? Help us inspire ideas on liberty with a tax-deductible contribution!
http://blog.independent.org/2014/09/...pensated-care/Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Similar Threads
-
WH Says 2.1 Million Have Enrolled in Obamacare Refuses to Say How Many Paid
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 01-03-2014, 02:14 AM -
No, 2.1 million haven't enrolled in Obamacare plans
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 01-01-2014, 07:58 PM -
Report: Feds spent $4.4 BILLION on state Obamacare exchanges
By Newmexican in forum Other Topics News and IssuesReplies: 0Last Post: 11-16-2013, 10:55 AM -
$1 billion to be spent on ‘Obamacare’ TV ads; most are negative
By JohnDoe2 in forum General DiscussionReplies: 1Last Post: 07-08-2013, 09:54 PM -
1.4 BILLION Spent On The Obamas In 2011 – British Taxpayers Only Spent 57.8 Million O
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 10-12-2012, 02:52 AM
Arizona GOP pushing tough, new border policies, but faces strong...
05-05-2024, 10:24 AM in illegal immigration News Stories & Reports