The CBO Lowered Its Federal Health-Spending Estimate - Thanks To Obamacare

"Where's The Train Wreck?"

http://paxonbothhouses.blogspot.com/2014/01/wheres-train-wreck.html

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The CBO lowered its federal health-spending estimate, thanks in part to Obamacare. "While no one knows quite why that's happening, the Congressional Budget Office is predicting substantial savings. For the 10-year period beginning in 2010, the estimated cost of Medicare and Medicaid — the government health programs for the elderly and the poor — has dropped by $1.23 trillion, according to revised CBO projections....CBO predicts that the savings will grow by 2039 to 1.5 percent of the economy — or, in today's dollars, roughly $250 billion a year. That's real money by any measure. But it's not enough to brighten the CBO's otherwise gloomy forecast for the next 25 years....In the short term, the Affordable Care Act is a major factor in rising costs, the CBO said." Lori Montgomery in The Washington Post.