Thursday, November 7, 2013

Deficits: Now and Then, and Later?

The CBO issued a report on the Deficit for Fiscal 2013. We show it below:

We see the reduction and it is still well above 2008 despite the limitations placed upon the Administration.

The percentages are shown below:
These depict the reduction. The problem will be that with the ACA we expect an added $300B of unfunded Health Care expenditures driven by the Medicaid expansion of the ACA. Simply at the added 30 million people at $11,000 per person per year we have the $330  B added costs not covered. One would also expect added costs to those receiving benefits despite the increase in fees. Thus we anticipate an added $450 B in costs due to the ACA as currently structured.