CBO Has No Credibility on Health Care Reform Prediction

In March 2015, the Congressional Budget Office claimed Obamacare exchanges would cover 24 million Americans by 2017. The actual number today: 12 million. It was only off by half. Oops.

This flawed coverage prediction is just one of numerous instances where the CBO’s Obamacare aim has been about as accurate as a drunk at a dartboard. Yet despite its record, Obamacare defenders and their media allies are treating as gospel the CBO’s prediction last week that 23 million people would lose coverage under the Republican’s American Health Care Act.

The 23 million guess should be treated with extra skepticism because it is a prediction on top of a prediction. It is an estimate of how many Americans would lose coverage based on an estimate of how many would have otherwise gained it by 2026 under Obamacare.

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Democrats Go On Offense On Obamacare Rate Hikes

Democrats have switched from defense to offense, going on the attack as insurers announce major increases in their premiums for Obamacare next year.

The party is blaming proposed hikes of up to 50 percent for some 2018 Obamacare plans on the Trump administration’s efforts to create uncertainty in the individual market, which includes Obamacare’s exchanges. However, some insurance plans have noted other factors in the proposed increases, including Obamacare’s insurer tax.

Nevertheless, Democrats are highlighting the increases to show that Trump is seeking to torpedo the markets to promote his efforts to replace Obamacare….continue reading

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