Tuesday, March 14, 2017

Don't Trust Those CBO Health Care Numbers

Investor's Business Daily ^ | 3/13/2017 | Staff 

Health Reform: Democrats are no doubt gleeful that the Congressional Budget Office says the Republican health plan would leave 24 million more people uninsured by 2026. But there's no reason to rely on the CBO, since they were wildly off the mark in predicting how well ObamaCare would work.

Shortly before President Obama signed ObamaCare into law, the CBO announced its findings that the health reform would cut the deficit in the first decade by a modest $119 billion, and possibly slash them by a trillion dollars in the second decade.

The CBO also predicted that 23 million people would be enrolled in ObamaCare exchanges this year, and that the number of uninsured would have gone down by 30 million.

None of that came to pass.
(Excerpt) Read more at investors.com ...

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