FACT SHEET: Affordable Care Act by the Numbers | The White House
Whitehouse press release on ACA. Give it a read, the big news agencies are mis-quoting the heck out of their information. To boot, some of the information is clearly incorrect.
Here's some highlights
-8 Million enrolled in private plans on exchange
-5 Million enrolled outside of the exchange
-35% under 35, 28% between 18 and 35 (applies to on-exchange only, no off exchange data released yet, news agencies are screwing this stat up badly).
-It's "cheaper than expected" by about $0.1T. Like I've said before, all that proves is that the first guess they made was inaccurate.
They erroneously claim that CBO estimates ACA will REDUCE THE DEFICIT BY $1,700,000,000,000.00 OVER 20 YEARS. It's costing $2T or so, and about $.5T is coming in, by all reports. That's $1.5T added to the deficit. Let's see what actually happens. http://www.cbo.gov/publication/45159 (3/4/14 CBO estimate update).
They are quoting the report on HR. 6079, which said repeal would add about $109T to deficits over 10 years, and some arbitrary amount which you can estimate to be $1.7T over 20 years. Repeal might have a cost, but not repealing does not result in an equivalent savings, the plan itself has a cost.
"If I buy a car, it's $1.5T. If I don't buy a car, I spend $1.7T on taxis and busses. By buying the car, I save $1.7T"
I'm sure you can see the flaw in logic here.
Whitehouse press release on ACA. Give it a read, the big news agencies are mis-quoting the heck out of their information. To boot, some of the information is clearly incorrect.
Here's some highlights
-8 Million enrolled in private plans on exchange
-5 Million enrolled outside of the exchange
-35% under 35, 28% between 18 and 35 (applies to on-exchange only, no off exchange data released yet, news agencies are screwing this stat up badly).
-It's "cheaper than expected" by about $0.1T. Like I've said before, all that proves is that the first guess they made was inaccurate.
They erroneously claim that CBO estimates ACA will REDUCE THE DEFICIT BY $1,700,000,000,000.00 OVER 20 YEARS. It's costing $2T or so, and about $.5T is coming in, by all reports. That's $1.5T added to the deficit. Let's see what actually happens. http://www.cbo.gov/publication/45159 (3/4/14 CBO estimate update).
They are quoting the report on HR. 6079, which said repeal would add about $109T to deficits over 10 years, and some arbitrary amount which you can estimate to be $1.7T over 20 years. Repeal might have a cost, but not repealing does not result in an equivalent savings, the plan itself has a cost.
"If I buy a car, it's $1.5T. If I don't buy a car, I spend $1.7T on taxis and busses. By buying the car, I save $1.7T"
I'm sure you can see the flaw in logic here.
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