The Congressional Budget Office now estimates that roughly four million fewer Americans will likely gain insurance coverage in 2014 and three million fewer in 2022 as a result of the Supreme Court ruling. Most of the drop in coverage will be the result of states exercising their option to not expand Medicaid.
|By: Jon Walker Tuesday July 24, 2012 1:45 pm|
|By: Jon Walker Tuesday March 20, 2012 5:45 pm|
According to the Congressional Budget Office analysis of the Paul Ryan (R-WI) House Republican budget outline, at least what can be analyzed given that Ryan leaves huge unanswered questions about how his tax provision would even work, the plan calls for massive cuts in public health care spending. The result of the cuts would be millions of Americans ending up worse off.
|By: Jon Walker Friday March 16, 2012 6:00 am|
The Congressional Budget Office looked at the potential impact of companies choosing to drop their employee provide health insurance as a result of the Affordable Care Act. According to its analysis, if a large number of companies stop providing health insurance benefits it should cause the ACA on net to decrease the deficit even further.
|By: Jon Walker Wednesday August 24, 2011 2:15 pm|
The latest long term budget projections from the Congressional Budget Office assume that unemployment will be very high for years to come.
|By: Dean Baker Wednesday August 17, 2011 1:02 pm|
As the chart shows the interest to GDP ratio is currently at a crushing 1.3 percent, near the post World War II low. However this figure overstates the burden somewhat. Last year the Federal Reserve Board refunded almost $80 billion to the Treasury. This was interest earned on government bonds and other assets it now holds. That leaves a net interest burden of 0.8 percent of GDP, by far the lowest of the post World War II era.
|By: Jon Walker Sunday August 7, 2011 8:35 am|
The Congressional Budget Office is out with a new report about the projected long term solvency of Social Security. The report reaffirms the basic fact that it will be roughly 27 years until the Social Security Trust Fund is exhausted.
|By: Jon Walker Monday August 1, 2011 12:40 pm|
There is a chance, if the economy slows, that a $2.1 trillion debt ceiling increase won’t be large enough to take us past the 2012 election. Even if this deal passes, we may see a repeat of this debt ceiling fight right in the middle of the election season.
|By: dakine01 Thursday June 23, 2011 4:15 pm|
Ho hum. Here we are once again. The weekly report of Initial Unemployment Claims is out, jobless claims for last week are up “more than expected,” the figures from last week’s report have been revised upwards again, economists are surprised and water is wet.
|By: Jon Walker Wednesday April 6, 2011 11:10 am|
Paul Ryan’s Republican budget plan would privatize Medicare and dramatically slash Medicaid over time. The result: senior citizens, poor children and the disabled paying dramatically more for care, getting worse health insurance coverage and/or losing coverage altogether.
|By: Jon Walker Friday January 7, 2011 12:30 pm|
It is not unusual for politicians to lie, but, in his efforts to repeal health care reform, Speaker John Boehner (R-OH) has turned it into a metaphysical art form.