Health costs decreasing by billions of $$ – yes, decreasing

From the NYT yesterday (H/T @gregflynn):

Already, the Congressional Budget Office has quietly erased hundreds of billions of dollars from its projections. It now estimates that Medicare spending in 2020 will be $137 billion lower than it thought in 2010, a drop of 15 percent; Medicaid spending will be $85 billion, or 16 percent, lower; and private health insurance premiums are expected to be about 9 percent lower.

3 Comments

  1. Alex

    December 3, 2013 at 4:18 pm

    This article is a real joke ! So, they are cutting an estimate they made way back in 2010 for the year 2020. The truth of the matter is they don’t have a clue as to what Obamacare will do to overall health costs by the year 2020. This is nothing but a “feel good” Obamacare article with no basis whatsoever by an agency which doesn’t even know what next year will bring.

  2. Alan

    December 3, 2013 at 6:27 pm

    And yet another GOP “feel good” response, bought & paid for by Civitas. What will you do once the internship ends???

  3. Alex

    December 4, 2013 at 9:04 am

    Alan, you need to get some new material badly. The Civitas references have just about played out ! Why not comment on the topic itself ? Now there’s a new idea.