CBO assesses cost of ObamaCare

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Fewer people insured but -- deficit spend -- that's the latest analysis of Obama care by the Congressional Budget Office.

Chief national -- by Jim Angle runs the numbers for us.

The Supreme Court case change only one thing and the health care bill how many people the states were required to put on Medicaid health care for the poor.

And the Congressional Budget Office said today the number of uninsured won't go up by three million.

But the government will save money over ten years.

So while they put out a number that showed 84 -- billion dollars in savings.

That's not a big number eight billion a year you know very large trillion dollar program hands there's a lot of -- Iraq and they say so.

The CBO did not predict how many state to expand their Medicaid populations the primary way the administration plan to reduce the uninsured CB does not say how many states -- does not say -- states the report simply said quote fewer people will be covered by the Medicaid program more people obtain health insurance is newly established exchanges and more people will be uninsured.

Those who go out on the exchanges get generous federal taxpayer subsidies while the states would have to pay out of there on -- to expand Medicaid something they may try to avoid.

All those people can go over into a new health insurance exchange.

And the federal government.

-- I almost all of their premium and that will be private insurance Republicans have argued for repealing and replacing the health care law today the CBO says that would actually add 109 billion dollars to the deficit over a decade.

Leading Democrats -- -- shall field so those who favor repeal have the burden of coming forward.

And arguing how they would reduce the deficit.

CBO of course only computes what congress says it will do and the law says it will raise revenue in part by cutting Medicare by 500 billion dollars and the chief actuary of Medicare says that would eventually reduce payments for Medicare recipients.

To less than those on Medicaid and.

That means the senior citizen -- less attractive to doctors from a financial point of view the welfare mothers.

How long do you think -- can go on before senior start complaining to their members of congress.

And a new study today by Deloitte said about 10% of big employers plan to drop health coverage at -- takes hold.

In part because they don't trust administration predictions.

Congress has a long history of under estimating the costs of things.

And so one would expect that.

Health care costs will continue to rise in the future despite best efforts.

Companies -- wrestle with the uncertainty of the new law and many can't be sure how to work until they see it in action.

In the meantime they're keeping their options open Brett -- Jim thank you.

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CBO assesses cost of ObamaCare

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