Middle-class families with health insurance might not think they have much at stake in the new health reform law. But as a recent Center report showed, private health coverage for the middle class is surprisingly unstable.
BEYOND THE NUMBERS
This Q & A is part three in a series on myths about health reform and its impact on the federal budget deficit with Jim Horney, our director of federal fiscal policy.
Does today’s report from the Department of Health and Human Services actuaries, estimating that total national spending on health care will rise by 0.9 percent in the first decade under the new health reform law, mean that the law will not control health costs or will cause the deficit to explode? Not at all.
This podcast is part two in a series of podcasts on myths about health reform and its impact on the federal budget deficit. I’m Shannon Spillane and I’m joined by Jim Horney, Director of Federal Fiscal Policy at the Center.
Critics who claim the new health reform law’s Medicaid expansion will place an unaffordable burden on states ignore the fact that the federal government will cover virtually all of the cost. They also ignore the ways in which the law will save states money.
Today, we sat down with Jim Horney, Director of Federal Fiscal Policy at the Center, to discuss myths about health reform and its impact on the federal budget deficit.
Jim, let’s start off at the broadest level. Some opponents of the new health reform law claim that it will increase the federal deficit. Are they correct?
No, they are not correct. The nonpartisan, highly-regarded Congressional Budget Office, or CBO, estimates that the health reform law will reduce deficits by $143 billion over the next 10 years.
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