We are beginning to understand the real cost of the Patient Protection and Affordable Care Act or health care refor.
The Congressional Budget Office has released its “Updated Budget Projections: Fiscal Years 2012 to 2022.” The economic outlook includes updated estimates of the effect of the Patient Protection and Affordable Care Act. The report concludes health care reform will cost taxpayers slightly less but will insure fewer people than previously estimated. MHA has published an issue brief detailing the new Medicare estimates through 2021. These estimates include details by provider type. CBO is estimating Medicaid spending under the health care law is now expected to be $169 billion higher over 10 years than estimated last year. Spending for the Children’s Health Insurance Program will be $8 billion more partly because of higher enrollment and a higher federal share of the costs.”