You see, there was this Congressional Budget Office (CBO) report and, wow, it really had some bad news for Americans so, therefore, it was good news for righty 20%'ers like Babalu's George Moneo who cited the report and sneered...
Well, well, well. A little off on the numbers, are we? Again?Unfortunately, George, and the rest of the folks who regularly put their party before their country, were right this time. The Obama Administration had miscalculated the cost of their healthcare reform. They were a little off their original numbers.
Except that, in fact, it is going to cost LESS. About $50 billion LESS.
From the CBO blog, via Media Matters...
The Estimated Net Cost of the Insurance Coverage Provisions Is Smaller Than Estimated in March 2011There's more, much more, at the link.
CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of just under $1.1 trillion over the 2012-2021 period-about $50 billion less than the agencies' March 2011 estimate for that 10-year period.
Gross Costs Are Higher, but Offsetting Budgetary Effects Are Also Higher
The current estimate of the gross costs of the coverage provisions -- $1,496 billion through 2021 -- is about $50 billion higher than last year's projection; however, the other budgetary effects of those provisions, which partially offset those gross costs, also have increased in CBO's and JCT's estimates -- to $413 billion -- leading to the small decrease in the net 10-year tally.
Over the 10-year period from 2012 through 2021, enactment of the coverage provisions of the ACA was projected last March to increase federal deficits by $1,131 billion, whereas the March 2012 estimate indicates that those provisions will increase deficits by $1,083 billion.
So essentially what you do when you're a Republican during these days of good news and horrid conservative candidates is give your readers or viewers half the story, distort the truth, and then move on, thus leaving in your wake a mass of misled and dumbed down Americans.
But, no matter. Because when and if you're ever held to account for your deliberate smears and misrepresentations all you have to say is...you got it...