On March 20, 2010, CBO released its final cost estimate for the reconciliation act, which encompassed the effects of both pieces of legislation. Table 1 (on page 5) provides a broad summary and Table 2 offers a detailed breakdown of the budgetary effects of the two pieces of legislation. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting both pieces of legislation will produce a net reduction in federal deficits of $143 billion over the 2010-2019 period. About $124 billion of that savings stems from provisions dealing with health care and federal revenues; the other $19 billion results from the education provisions.
Want more information click on the links below:
An Analysis of Health Insurance Premiums Under the Patient Protection and Affordable Care Act
Correction Regarding the Longer-Term Effects of the Manager's Amendment to the Patient Protection and Affordable Care Act
Simple fact is the CBO - Non-Partisan arbiter of projection of cost of implementation of government regulations says deficit reduction if fully implemented over 10 year period and beyond.
Last thing, GOP can factually say heath care costs rise with "Obamacare"; the "Patient Protection and Affordable Care Act (PPACA)" but the usage is deceiving.
They can say this and be correct because health care costs rise no matter what.
The fact is that health care costs rise with or without the "Patient Protection and Affordable Care Act (PPACA)" but the REAL FACT is that with the passage of "Obamacare" health care costs rise slower; therefore the regulation COSTS AMERICA LESS and INSURES MORE PEOPLE!
Moving forward: Now let's establish real cost control by wrestling our health insurance oligarchy from their hiding place behind the thinly disguised Grande Ole Party (GOP) "PLATITUDE" named free market system out and into the light of day!
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