Obamacare exceeds projections once again
|April 14, 2014||Posted by Chauntrece Washington under Blog||
Obamacare continues to exceed expectations. In a report released today, the Congressional Budget Office projected even lower net costs to the federal government than was projected last month. New projections put net costs at $36 billion for 2014 and $1,383 billion over a ten-year period (2015-2024); $104 billion less than previously forecast. It projects enrollment of 25 million over the same time period, an increase from 24 million. The reduced costs are due to premiums being 15% lower than CBO initially projected. All in all, the law will cover more people and cost far less than anticipated.
But even with this inpouring of good news, there is still work to be done. Yes, the numbers are good, but to succeed we must keep people enrolled. This means really educating our young and minority populations and using local communities as additional support. We did a good job in this first leg of the long race, but sorry folks, seven months from now we’ll be back at it again.