CMS says some Pay-fors may not materialize
In a new analysis of ObamaCare, the Congressional Budget Office (CBO) has concluded that ObamaCare will cost at least $115 billion more than it originally estimated.
In addition, CBO can’t provide an estimate on an additional 52 line items because the legislation left it up to the Administration to fill in the blanks. Some of these items are “community transformation grants,” a “program for education and training in pain care,” “shared decision making,” the “national independent monitor demonstration project,” and “demonstration to provide access to affordable care.”
In this letter, CBO predicted ObamaCare would reduce the deficit by $143 billion. This leaves $28 billion of savings. However, the Centers for Medicare and Medicaid Services (CMS) believes some of the offsets needed to pay for the bill may not materialize.
In addition, ObamaCare failed to include the $275.8 billion cost of fixing the physician reimbursement rate. Congress has repeatedly passed legislation that prevents reductions in physician reimbursements meaning that even CBO’s latest estimate of the cost of ObamaCare is low because it is precluded from appropriately including such costs.
For previous ObamaCare Flatlines, go to http://www.gop.gov/obamacare.