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I guess since this news hasn't been on TV (and definitely hasnt been on Fox), all the Obama and ACA haters are declining to comment.
Then again, maybe its not really 'news', since these stories were being reported over a year ago (to the same chorus of crickets).
New Data Suggests Obamacare Is Actually Bending The Healthcare Cost Curve - Forbes
Lets see, in 2000 it was 3% and now it's 5% and then I notice the yellow line keeps going up as a % of GDP. How is this saving anything? Healthcare as a % of GDP keeps rising, how is this bending the cure down? I don't see anything going down only up. If your clapping because the chart shows a separation between the yellow and blue line does not excite me, our national debt keeps going up not down, how is that a good thing?
Ah. Your standard for US success is economic collapse.
You call healthcare taking a bigger share of our GDP a success. Not in my book. Only a liberal has that logic.
Further I recall Obama promising everyone we would see a $2,500 reduction a year in their healthcare cost . Never happened. And Obamacare was supposed to bend the curve down, all I saw on your chart are lines going up.
Last why don't you try answering once, rather than throwing out your BS
It's a LOWER share of GDP!
You don't need a lesson on economics.
You need a simple review on reading graphs!
It's a LOWER share of GDP!
Maybe the chart should be turned upside down
From your site you posted
Despite the improvement, federal health care spending is still projected to grow faster than any other budget category as baby boomers retire and begin drawing from Medicare. Health care is on track to become the government’s biggest expense by around 2030.
Over all, the budget office still sees federal budget deficits and the government’s outstanding debt growing at rates it calls unsustainable. Deficits are projected to remain at their current level of about 3 percent of G.D.P., or about $500 billion — a level that economists consider maintainable in a growing economy — through 2018 before rising to 4 percent and higher after that.
WASHINGTON — The growth of federal spending on health care will continue to decline as a proportion of the overall economy in the coming decades, in part because of cost controls mandated by President Obama’s health care law, the nonpartisan Congressional Budget Office said on Tuesday.
The budget office said in its annual 25-year forecast that federal spending on major health care programs would amount to 8 percent of gross domestic product by 2039, one-tenth of a percentage point lower than its previous projection.
With the latest revision, the budget office has now reduced its 10-year estimate for spending by Medicare, Medicaid and other health programs by $1.23 trillion starting in 2010, the year the health care law took effect. By 2039, the savings would amount to $250 billion a year today, or about 1.5 percent of the economy.
http://www.nytimes.com/2014/07/16/b...-of-federal-spending-on-health-care.html?_r=0
This is the biggest news that no one is talking about. I guess scary stories are better for pageviews and eyeballs.
This is a massive shift. In fact, its exactly what Obama discussed when he talked about 'bending the cost curve' of Medicare. Exactly.
Heres a nice graph showing the budget impact.
Thats total federal government spending... a massively lower projection.
Let's see the logic here... A graph that shows only a revision of the path from a little less than 10% of rise in costs to GDP to a ~7.5% of a rise in costs to GDP , which still shows a path toward unsustainable spending (as stated in the OP's own article), potential fiscal collapse and economic destruction... is a good thing.
Amazing logic.
Apparently, in your world everyone is getting younger and Medicare rolls aren't known to be expanding by basic demographic math.
I bet you were screaming a few years ago about Obamas draconian Medicare cuts, right?
Let's see the logic here... A graph that shows only a revision of the path from a little less than 10% of rise in costs to GDP to a ~7.5% of a rise in costs to GDP , which still shows a path toward unsustainable spending (as stated in the OP's own article), potential fiscal collapse and economic destruction... is a good thing.
Amazing logic.
Beware all government prognostications that predict good times are just around the corner.
Also, I wonder how much of those savings are because many states didn't expand medicaid?
How does that address what I said?
We have an aging population. We have been expecting medical cost and governments share of medical cost to rise vis-a-vis GDP all along. The good news is that we have made some headway in slowing down the growth in spending. We aren't going to make it go away unless we really do have death panels and death squads rounding up everyone over 75.
Maybe with a little background on the issue, you would understand.
I think upside guys post #16 summarized it nicely.
Maybe to achieve what you assume this means, you would be championing cost cuts and reform of the system? Or are you just happy as a pig in slop that the total collapse of the system is going to be just slightly slower?
Cost cuts? Reform of the system?
That was called the ACA.
Ooooh.
You want the nation to get older and put millions more on Medicare and for it to be LESS expensive than it is now.
Magical thinking. That's why you believe people like Palin.
Really? How's that working out? Your own chart and accompanying article shows that the cost is unsustainable? The PPACA has shifted costs, not reduced them. In fact, the overall true costs have gone up to the average citizen through increased co-pays, premium increases for individual policies, increased cost shares for employees by their employers, and other out of pocket costs. So much for cost cuts and reform.
The facts, even in your own OP, don't fit the rhetoric you guys are trying to paint. It should be embarrassing for you, but...
One other item that liberals want to ignore is because of Obamacare taxes and penalties (more tax) are going up. This of course is never figured in the cost of healthcare, yet it's money out of the peoples pocket and into governments.
The real problem is the liberals give the CBO a certain criteria to use so that it shows the results it wants. However threegoofs own posted article said cost are going up. I would think he would have read his own article as it goes completely against what he was boasting.
Really? How's that working out? Your own chart and accompanying article shows that the cost is unsustainable? The PPACA has shifted costs, not reduced them. In fact, the overall true costs have gone up to the average citizen through increased co-pays, premium increases for individual policies, increased cost shares for employees by their employers, and other out of pocket costs. So much for cost cuts and reform.
The facts, even in your own OP, don't fit the rhetoric you guys are trying to paint. It should be embarrassing for you, but...
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