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2/11/13 10:51 AM
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Third, more difcult to implement: The CBO isn't buying the administration's repeated assurances that everything will be ready to go on time when it comes to the health insurance exchanges. From the report: CBO and JCT [Joint Committee on Taxation] have slightly reduced their estimates of the rates at which people will enroll in the insurance exchanges or Medicaid as the expansion of coverage is implementeda process that had already been anticipated to occur gradually. That change reects the agencies judgment about a combination of factors, including the readiness of exchanges to provide a broad array of new insurance options, the ability of state Medicaid programs to absorb new beneciaries, and peoples responses to the availability of the new coverage. National Journal explains: Publicly, administration ofcials have promised that the new exchanges will be ready on time But the CBO report expresses skepticism In plain language, that means CBO thinks the marketplaces wont have many insurance choices, the Medicaid enrollment systems will not be ready for new people to enroll, and people will be less enthusiastic about signing up for new insurance options. Taken together, this is a report that shows how already, Obamacare is failing to match the hopes of its creators in many respects. Expect this trend to continue in future years. This is going to be a lot of political fractiousness and market disruption over a policy which may ultimately end up nudging the insured percentage up only slightly. // Benjamin Domenech is editor of The Transom. Click here to subscribe. Page Printed from: http://www.realclearpolitics.com/articles/2013/02 /07/cbo_is_increasingly_skeptical_about_obamacare_116951.html at February 11, 2013 - 09:50:51 AM CST
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2/11/13 10:51 AM