The following article by Harry Stein and Alex Rowell was posted on the Center for American Progress website March 30, 2017:
Shortly after Congress’ failed attempt to repeal the Affordable Care Act, or ACA, new budget data confirm the sustainability of the federal government’s major health care programs. These budget data also illustrate a major hurdle for the tax reform plan advocated by House Republican leaders. This new information comes from the Congressional Budget Office, or CBO, and it includes updated projections for the cost of federal programs; tax revenue levels; budget deficits; and economic variables such as gross domestic product, or GDP.
The projected costs of federal health care programs have fallen dramatically since the passage of the ACA. Despite false claims to the contrary, federal health programs are not facing a “death spiral” of exploding costs. The United States has more than enough economic capacity to continue to sustain these programs in the future; repealing the ACA would have instead used American economic capacity to cut taxes for the wealthy. Continue reading “New Data Deliver Good News for Health Care and Bad News for Speaker Ryan’s Tax Reform Plan”