True Cost: The CBO Takes An Impartial Look At The Health Law
A person cannot be denied insurance due to a pre-existing condition. Insurance companies are barred from capping the dollar value of care given to a person with chronic illness. Young adults can stay on their parents' policies until age 26.
Also, small businesses and non-profits will be eligible for a tax credit to offset the cost of covering employees. Insurers may spend no more than 20 percent of premium dollars on marketing and other overhead. And, ultimately, an estimated 30 million uninsured Americans will be covered by 2022.
Despite these benefits and the justices' assent, Republican critics of "Obamacare" continue to make election-year denunciations of the package, even alleging that it will expand the nation's deficits --
A far different analysis came last week from the non-partisan
The CBO said the reduced deficit estimate is largely due to the
That will make the act's insurance coverage provisions cost
The health care law is by no means perfect. The nation needs to do far more to prevent illness, like reducing obesity and smoking, and the industry must ramp up efforts to educate more health care professionals to meet growing demand.
In the meantime, the CBO report is an updated assessment of the real cost of the overhaul. Americans would be wise to believe impartial analysts over wild-eyed politicians.
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