27
Aug
14

Medicare Is Not Destroying The Budget? Thanks, ObamaCare

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David Leonhardt: Medicare: Not Such A Budget-Buster Anymore

You’re looking at the biggest story involving the federal budget and a crucial one for the future of the American economy. Every year for the last six years in a row, the Congressional Budget Office has reduced its estimate for how much the federal government will need to spend on Medicare in coming years. The latest reduction came in a report from the budget office on Wednesday morning. The changes are big. The difference between the current estimate for Medicare’s 2019 budget and the estimate for the 2019 budget four years ago is about $95 billion dollars. That sum is greater than the government is expected to spend that year on unemployment insurance, welfare and Amtrak — combined. It’s equal to about one-fifth of the expected Pentagon budget in 2019. Widely discussed policy changes, like raising the estate tax, would generate just a tiny fraction of the budget savings relative to the recent changes in Medicare’s spending estimates.

In more concrete terms, the reduced estimates mean that the federal government’s long-term budget deficit is considerably less severe than commonly thought just a few years ago. The reduced estimates are also an indication of what’s happening in the overall health care system. Even as more people are getting access to health insurance, the costs of caring for individual patients is growing at a super-slow rate. That means that health care, which has eaten into salary gains for years and driven up debt and bankruptcies, may be starting to stabilize as a share of national spending. The Affordable Care Act, in particular, made significant reductions to Medicare’s spending on hospitals and private Medicare plans, to help subsidize insurance coverage for low- and middle-income Americans.

More here

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82 Responses to “Medicare Is Not Destroying The Budget? Thanks, ObamaCare”


  1. August 27, 2014 at 4:52 pm

    Thanks for opening the door. Howdy all

  2. 10 CEB
    August 27, 2014 at 4:54 pm

    GA, TOD ohana.

  3. 11 Nena20409
    August 27, 2014 at 4:56 pm

    The TOD Floor is once again…….OPEN for Business ;)

    Thanks NW.

  4. 13 Nena20409
    August 27, 2014 at 4:59 pm

  5. 23 Nena20409
    August 27, 2014 at 5:00 pm

  6. August 27, 2014 at 5:09 pm

    Thanks a gaaaaaaazillion Nerdy!!

  7. 26 Paulita
    August 27, 2014 at 5:32 pm

    Get ready to party!! 27 million in 5, 4, 3, 2,……..8-) Whooo Hoooo (p.s. Dudette, requesting Roy Ayers Do it in the Dark – feel like kickin’ it old school) :)

  8. August 27, 2014 at 5:40 pm

    This is a big deal ….

    By taking this action, all kinds of International Laws come into effect, not the least of which will be designating captured Russian soldiers as POWs.

  9. August 27, 2014 at 5:47 pm

    We can make 4 Nov 2014 the darkest day in the history of the Republican Party. Just FOCUS

    #OWNthe114th

  10. 37 Linda
    August 27, 2014 at 6:05 pm

    Crewmember On TV’s ‘COPS’ Shot Dead By Police While Filming

    http://talkingpointsmemo.com/livewire/cops-crewmember-shot-by-police

  11. 38 Vicki
    August 27, 2014 at 6:30 pm

    Is anyone here from Scotland or of Scotch ancestry? I am following the referendum to be held on September 18th to determine whether or not Scotland will leave the UK and be a sovereign nation. One interesting item is that the voting age was lowered for this vote from the usual 18 to 16. If anybody has an opinion on this I’d love to hear it.

    And, NO! I am not taking my eye off the ball that counts: 69 days until mid-term elections.
    Which is more than I can say for the Media who are trying to skip talking about this coming event and speculate about Mitt and Bernie.

  12. August 27, 2014 at 6:46 pm

    Yes, a fucking United States Senator has to deal with casual sexism/lookism from her male colleagues.

  13. August 27, 2014 at 6:47 pm

    UPDATED with pics from their homecoming and the city’s parade thrown in their honor

    Chicago’s Jackie Robinson West Little League Wins US Championship World Series!
    Posted on August 24, 2014 by Ametia

    http://3chicspolitico.com/2014/08/24/chicagos-jackie-robinson-west-little-league-wins-us-championship-world-series/

  14. August 27, 2014 at 6:47 pm

  15. 46 Paulita
    August 27, 2014 at 6:50 pm

    Congratulations Chips and TOD. 27 mil.+ Power to the People!!!

  16. August 27, 2014 at 7:00 pm

  17. August 27, 2014 at 7:04 pm

    This won’t go well ….

    … but, we all know what happens when a bunch of Russian citizens decide they’ve had enough of their dictator du juor.

  18. 57 MightyPamela
    August 27, 2014 at 7:17 pm

    KaBoom! Chipsticks ! ! 27M and counting! Way. To. Go. Girl! NerdyWonka, you are a superstar!! You both light up the day and the night!! <3 <3

  19. 60 Linda
    August 27, 2014 at 7:24 pm

    Politico Reporter Doesn’t Believe Senator’s Story Of Sexism In Congress

    John Bresnahan is a longstanding and respected congressional reporter for Politico. But he responded skeptically after Gillibrand recalled several sexist encounters in a yet-to-be-released interview with People magazine about her forthcoming book. The New York Post reported on portions of the People interview Wednesday.

    http://talkingpointsmemo.com/livewire/politico-reporter-gillibrand-sexist-stories

    He already deleted his tweets.

  20. August 27, 2014 at 7:32 pm

  21. August 27, 2014 at 7:37 pm

  22. August 27, 2014 at 7:41 pm

    Bibi OWNS this ….

  23. 68 Nena20409
    August 27, 2014 at 7:49 pm

    Great Evening TODers :)

    Congrats Chips! Hip! Hip! Hip! Hooray! 27, 000, 000 plus and counting. >-I

  24. 69 Nena20409
    August 27, 2014 at 7:54 pm

  25. 72 Nena20409
    August 27, 2014 at 7:55 pm

  26. August 27, 2014 at 7:55 pm

  27. 74 Nena20409
    August 27, 2014 at 7:56 pm

  28. 75 desertflower
    August 27, 2014 at 7:56 pm

    :) :) Over 27 million. WOW. Just WOW. I ‘m actually wondering if you keep track of the fact that this milestone happened on this day…and then note when we reach 28 million…see how long it takes for us to do that..especially since Nov. midterms are coming up..wondering if you will notice a bump in views etc. Regardless, congrats to all out exemplary BT’s…and of course to our amazing and fearless blog mistress, Chips. Love you guys and thanks for all the insight, the commentary, the great conversation…and the best and most truthful info on the internet. Hands down!

  29. 76 Dakota
    August 27, 2014 at 8:06 pm

    27 million!!! Woo! Hoo!

  30. 77 PrayerWarriorforObama
    August 27, 2014 at 8:26 pm

    TOD is the Blog! 27 million and still posting. Congratulations to Chips and the TOD Brigade.

  31. August 27, 2014 at 8:30 pm

    Okay, there’s a dad in my library who looks like Dr. Bashir from Star Trek: Deep Space Nine.

  32. 80 0388jojothecat
    August 27, 2014 at 8:46 pm

    Congratulations Chips Chica and DannySticks DaChica for reaching 27 million on this most wonderful place to learn, exchange ideas, support our President, VP, their families, and the entire wonderful Administration. I love TOD and the entire TOD family!

  33. September 1, 2014 at 12:09 am

    Congrats of 27M!!!
    Dream come through just to have this haven to visit each day!
    Still catching up!


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