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Friday, April 18, 2014

Bad News For Republicans:

CBO Predicts Obamacare Will Cost $104 Billion Less Than Expected

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Sorry to disappoint, but...
Republicans just can’t catch a break on Obamacare. First, their claims that the health care law is a job killer were blown out of the water. Then, the White House announced that over 7 million Americans signed up for coverage.

Not long after that, a new poll revealed that more Americans support Obamacare than oppose it. And the news just keeps getting worse for the GOP. This time, it’s a report from the Congressional Budget Office.

The CBO reports that Obamacare is costing less money and helping more people.

In what is sure to cause Republicans to set their hair on fire, a new CBO report predicts that Obamacare is going to cost a whopping $104 BILLION less than previously expected. $5 billion of those savings are from this year alone.

By 2024, the cost of the program will only be $1.38 trillion. But that’s not all. The report also projects that President Obama’s signature law will cover 12 million Americans this year.

If the GOP had their way, these 12 million people would not have health insurance at all. 

Furthermore, the CBO report forecasts that the number of people who are uninsured will drop from 42 million this year to 30 million by 2017.

The CBO also has good news for children, which of course, is bad news for the GOP. Approximately 7 million adults and children will be covered by Medicaid and the Children’s Health Insurance Program this year.

11 million more are expected to sign up for Medicaid next year. And 12-13 million more are expected to follow suit every year from 2016 to 2024. With that many Americans obtaining coverage, it’s only a matter of time before the number of uninsured drops to historic lows.

This is all bad news for Republicans as Election Day draws nearer.

Unfortunately, these numbers would have been significantly higher if Republican-controlled states had chosen to expand their own Medicaid programs. Instead, the GOP gleefully refused, choosing to punish their own constituents to show how much they hate the first African- American President.

Such a childish position is certain to cost Republicans votes on Election Day this November. Indeed, the GOP is finding it even harder to make Obamacare an election issue as than they did in 2010.

Since then, GOP lies about the program have been thoroughly debunked although they’re still desperately repeating them to anyone who is willing to be duped. Americans have not only been getting jobs since it went into effect, Obamacare has now given them health care too.

That’s far more than Republicans have done for a citizenry that has been struggling to get by. All the GOP has done is block jobs bills and attempt to repeal Obamacare over 50 times. Not to mention the fact that they shut down the government and threatened to plunge the nation into economic ruin all in an effort to take health care away from millions.

But now, the landmark health care law is a success. People are able to obtain affordable health care coverage. The law is creating jobs. It’s making people healthier. Rather than creating an apocalypse, the law is helping people and is only gaining in popularity.

At this point, Republicans would be taking a huge political risk to run against Obamacare. And this latest CBO report only makes it riskier.