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Politics : Formerly About Advanced Micro Devices

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gamesmistress
To: Alighieri who wrote (845970)3/28/2015 7:27:33 PM
From: i-node1 Recommendation   of 1573891
 
>> Well, the CBO has already answered your question...2025 is year 12 actually...so the shortfall will be 3M.

I think the bigger question is why would you believe CBO? They've never been anywhere close on any health care program they forecasted.

In 1965 the predecessor to CBO projected the 1990 cost of Medicare at $12 Billion. When 1990 arrived, the actual cost was close almost $100 Billion. In this case, CBO has already said it cannot project the cost of these programs and has stopped trying (that's why their current forecasts included only the coverage provisions of the legislation).

So, the program is a total disaster already and is only going to get worse over time.

The exchanges, in particular, are unsustainable and everyone knows it.

The program is dead and was only kept alive this year by Obama stealing three billion in taxpayer money and paying off the insurance companies to try to keep them in line. Enrollment sucked. And it just makes no sense for insurers to stay in it. They're better off focusing on corporate accounts and that's what they're going to do when government dough runs out.
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