9 Years After Obamacare Passed, Agency Finds Numbers Were Wildly Off

Apr 2012
78,470
6,123
#1
Once again the CBO shows it is a useless political organization. They need to re-evaluate how they analyze things

9 Years After Obamacare Passed, Agency Finds Numbers Were Wildly Off

Democrats defeated Republicans in the Obamacare repeal fight by warning that 22 million Americans would be thrown off their health insurance. They pointed to data leaked from the Congressional Budget Office.
Well, it turns out that data was completely wrong.
According to a report by the Centers for Medicare and Medicaid Services released Wednesday, the Congressional Budget Office wildly overestimated the number of people who would lose their health insurance with the repeal of the individual mandate penalty.
Initial estimates from the Congressional Budget Office said 14 million would drop off their health insurance coverage due to the elimination of the individual mandate. Then, during the height of the 2017 debate over repeal, progressives touted a leaked number from the Congressional Budget Office claiming that 22 million people would “lose” their insurance if Congress repealed the law.

However, as health care analyst Avik Roy pointed out, what made this number so high was the inflated number of people expected to lose their insurance due to repeal of the mandate—about 73 percent to be exact. So, it wouldn’t be 22 million Americans losing their insurance. Most of those in the projection would simply be choosing to opt out of insurance.
And it turns out even that wasn’t true. A far smaller number of Americans appear to be opting out of insurance since the individual mandate’s repeal. Only 2.5 million more people are expected to go without insurance in 2019 due to its repeal, according to the latest report, and that number is expected to decline in the years ahead.
The Washington Examiner’s Philip Klein called the Congressional Budget Office “scandalously off in its estimates.” That’s about right, considering all that was riding on its numbers.
As Klein noted, the Congressional Budget Office estimates were a large part of why the individual mandate was adopted in the first place, and a big reason why its repeal didn’t pass. So it’s a wonder why the media isn’t picking this up.
“Given the outsized influence that the CBO has on policymaking in Washington, the CBO’s misfire on the individual mandate should be a major story,” Klein wrote.
 
Apr 2012
78,470
6,123
#3
If only McCain had not voted against #Trumpcare, if only....
McCain was a liar and a hateful idiot that loved the Democrats. He had no business in the GOP

I notice you ignore how useless the CBO is. They were only off 20 million. This makes them look partisan and political. They need to change