CBO throws in the towel on scoring ObamaCare

[Phurfur 70]

Congressional budget scorekeepers said they can no longer measure the fiscal impact of many provisions of ObamaCare because the task is impossible.

 

In a little-noticed footnote from April, the Congressional Budget Office (CBO) said it will continue to assess the effects of the law's exchange subsidies and the Medicaid expansion, while not tracking others.

 

"The provisions that expand insurance coverage established entirely new programs or components of programs that can be isolated and reassessed," the office wrote.

 

"In contrast, other provisions of the Affordable Care Act significantly modified existing federal programs and made changes to the Internal Revenue Code.

 

"Isolating the incremental effects of those provisions on previously existing programs and revenues four years after enactment of the Affordable Care Act is not possible."

 

The note came in the CBO's analysis of ObamaCare's insurance coverage provisions in April and was first reported Wednesday by Roll Call.

 

It means that measuring the healthcare law's effect on the budget deficit will be much more difficult, if not impossible. The CBO is normally the best source of information on bills' projected fiscal effects.

 

Democrats designed the Affordable Care Act to reduce the deficit despite its massive expansion of healthcare coverage by producing savings over time in programs like Medicare.

 

The law also includes a variety of taxes and fees to raise revenue, some of which the CBO suggested it could no longer analyze.

 

Read more: http://thehill.com/policy/healthcare/208314-cbo-to-stop-measuring-certain-o-care-effects#ixzz34FPcjVnI

[NewbieJr 540]

Just checked out The Hill.com. Some awesome headlines. Seems like a pretty unbiased news source.

[Googballz 39]

This is the CBO's way of saying it is a cluster fukk

[Reality 2,710]

Smart to distance themselves at this point to maintain credibility. Predicting such a train wreck is an exercise in futility.

[Googballz 39]

Smart to distance themselves at this point to maintain credibility. Predicting such a train wreck is an exercise in futility.

 

 

There is a lot of that going around. I don't see any dem running for reelection on Obamacare.