Lies on the Affordable Care Act 3/21/12

As usual you can tell when a Republican is lying—his mouth moves. The latest is the claim of a great increase in the cost of the Affordable Care Act. Rob Portman says, “The Congressional Budget Office now projects that the President’s health care law will cost $1.76 trillion over the next decade, nearly double the projection when signed into law.” The projection when it was signed into law was for the years 2010-2019. Remember that most of the law doesn’t start until 2014, so the earlier projection contained four years with minimal costs. The current projection is for 2012-2021, two years closer to full implementation, so of course projected costs are higher. This is no surprise, no hidden agenda—this is just the way budget estimates are made, in ten year projections. What the Republicans are leaving out are the cost savings. The Congressional Budget Office also projects that the Affordable Care Act will help reduce the deficit. The release Portman mentions also says, “CBO and JCT have previously estimated that the ACA will, on net, reduce budget deficits over the 2012–2021 period.”