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Originally posted by: Chilcoot
Except for it's saving families far more than $250, is more than paying for itself, and is working well, even better than its advocates predicted.
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Originally posted by: Chilcoot
QuoteGood points.
Originally posted by: jatki99
I'm still wondering where that 250 dollar per family savings is going to kick in..OH, also, when is the ACA going to start paying for itself again? It's been a fiasco from start to present day, and it's gonna get worse.
Except for it's saving families far more than $250, is more than paying for itself, and is working well, even better than its advocates predicted.
I'm not sure what these charts are really telling us. Two charts projecting healthcare costs from 2011 - 2020 are presented. One was a projection from 2010 the other from 2015. The 2015 projection includes Actuals from 2011 - 2014. So our newly projected costs (with some actuals) for federal spending on healthcare have decreased.
The linked article indicates two causes for this. The first (and major cause) is that healthcare costs have risen at a much slower rate than years prior. However there is no general agreement on the real cause of this slowed rate. In fact Healthcare costs had slow significantly between 2009 and 2013 before the major provisions of the ACA were implemented. Many attribute this to the impacts of the Great Recession rather than Healthcare reform.
The second indicated reason for projections being short is participation levels are not what were expected. They did not anticipate 22 states not participating in Medicare expansion and also Signups in the insurance marketplaces are slightly less than expected.
So it's just possible that 2010 forecasts were wrong because assumptions about costs and participation were wrong not because the ACA actually produced meaningful costs savings in excess of predictions. Possible.
The other cost that I have never seen stated or included in ACA Cost estimates are the substantial costs of implementing new systems to capture information required for ACA reporting. Every business over 50 employees must start producing new forms FOR EACH EMPLOYEE that will be filed with the IRS. This requirement begins this year. How much will it cost business to produce these new forms (like a W2 for Healthcare)? How much will it cost the IRS to process this information? It's a hidden cost of Healthcare Reform.
If the truth be known, the politicians were never really interested in cutting Medical Costs. I say that because nothing was done to address the obscene End of Life Costs perpetuated by our Healthcare system. That's when you spend your last 2 months unconscious or in pain kept alive by breathing machines or other medical devices in an ICU. That's where you steal an unnecessary few hundred thousand from your grandkids because you didn't have the decency to do a living will and DNR order.
I know the pat answer to this is blah blah blah Death Panels or blah blah blah end of life counseling. That's no excuse to ignore the biggest single cost driver of our medical system. Just give people big discounts (30 -40%) on their premiums to sign a DNR. Then we focus our resources on healing the sick not extending life in misery for 30 days.