Thursday, March 28, 2013

How the Heritage Foundation Manufactured a New Obamacare Myth

Jonathan Bernstein explains How the Heritage Foundation Manufactured a New Obamacare Myth

"And she has a chart showing estimated new costs rising from $898 billion in March 2010 to $1.6 trillion in February 2013. The chart is titled ‘Obamacare’s New Spending Estimates Keep Rising,’ and includes text saying ‘The Congressional Budget Office as made several estimates of the 10-year cost of Obamacare’s new spending on the Medicaid expansion and exchange subsidies, and the costs keep rising.’

Except…it’s entirely phony. The real story from the CBO charts she cites says the estimates haven’t really changed at all."

He goes on to explain how the comparisons are for different numbers of years and using different amounts of subsidies.

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