SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

Never Miss a Story

Sign up for email alerts

 

More Industry Headlines

Toshiba and Johns Hopkins join forces over big data Leveraging big data to improve outcomes

New MR technique offers new insight into multiple sclerosis May help improve treatment monitoring

Is it time to be anti-antibiotics? The cost of over-prescribed antibiotics goes far beyond funds

MEDICA 2014: new imaging technology improves breast cancer diagnosis Shows structures that mammo can't

Iodine-based contrast for CT safe for most patients Goes against the previous notion

September's New Product Showcase This month's roundup of the latest industry products.

Information portal will reveal cost and quality of health care services HCCI works with insurance companies to create it

Researchers unveil non-invasive prostate screening technique Predicts prostate cancer with 98.1 percent accuracy

FDA approves GE's SenoClaire Sharper images and no increase in dose

Study finds CT lung cancer screening to be cost effective in saving lives The ACR says it's time for Medicare to cover high-risk individuals

CBO: Health reform to cut deficit by $84 billion

by Brendon Nafziger , DOTmed News Associate Editor
The U.S. Supreme Court kept most of President Obama's health reform legislation intact when it delivered its landmark ruling on the controversial law in late June. But the country's highest court did leave the decision to expand Medicaid up to the states. As a result, some states are opting out of Medicaid expansion, and that means the Affordable Care Act will wind up costing tens of billions of dollars less than previously estimated, but it also means millions more people will remain uninsured, according to Congressional Budget Office projections released Tuesday.

According to CBO estimates, the ACA will reduce the federal deficit by about $84 billion more than previously thought, from 2012 through 2022. But as a result of changes in the law, by the end of the 11-year period, 6 million fewer people will be covered by Medicaid and the Children's Health Insurance Program. About half of these will still get insurance through the state-run exchanges, but 3 million will remain uninsured, the CBO said.

Story Continues Below Advertisement

Dunlee - Design, Manufacture & Distribution of CT & Rad X-Ray Products

Dunlee manufactures replacement tubes for more CT systems than any other company in the industry. Philips, GE, Picker, Shimadzu, Siemens, Elscint or Toshiba replacement tubes for all popular systems. Call 800.238.3780



Overall, the CBO said the government will spend about $289 billion less on Medicaid and CHIP than previously expected, while subsidies for insurance bought through the exchanges will go up about $210 billion. Another $5 billion will be saved through other minor tweaks, the non-partisan group estimated.

One factor driving the savings is that not everyone who would have qualified for Medicaid under the expansion will be eligible for subsidies on the exchanges, the CBO said.

As for repealing the law, as the GOP-controlled House of Representatives voted to do on July 11, that would raise the deficit by $109 billion, according to the CBO, mostly because spending cuts would be overshadowed by lost tax revenue and increased Medicare outlays.

Related:


Interested in Medical Industry News? Subscribe to DOTmed's weekly news email and always be informed. Click here, it takes just 30 seconds.
(51)
(1)
(6)

Ted Huss

math test?

July 26, 2012 11:57

If you serve less people, you spend less money. If the states don't all sign up to expand Medicaid like Fedzilla wants, then the cost is lower, no? If anyone believes any mega large scheme by the Federal (or State)
government will cost less, yet fulfill promises, please document any track record of that success. The people for whom the AFC will cost less are those in the 1200+ groups and individuals who have been exempted from it.

Log inor Register

to rate and post a comment

You Must Be Logged In To Post A Comment

Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2014 DOTmed.com, Inc.
ALL RIGHTS RESERVED