To the editor:
While balanced and providing ammunition for both sides of the Obamacare debate, one part of Martin Schram’s commentary, “Obamacare tidbits you likely never knew about,” (Daily Journal, April 22) was particularly telling about Washington.
The Congressional Budget Office’s updated estimates, while revised downward from February projections, do not represent a “savings” as Schram says. Instead, the budget office in its “Updated Estimates of the Effects of the Insurance Coverage Provisions of the Affordable Care Act, April 2014” says:
“CBO and JCT (Joint Committee on Taxation) now estimate that the net cost to the federal government of those provisions for fiscal year 2014 will be $36 billion, $5 billion less than the previous estimate of $41 billion, and that the net cost for the 2015–24 period will be $1,383 billion, $104 billion (or 7 percent) below the previous estimate of $1,487 billion ...”