Monday, August 12, 2013

ObamaCare by the Numbers

ObamaCare by the Numbers:

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snip

The Republican National Committee claims that 8.2 million Americans can’t find full-time jobs “partly due to ObamaCare.” But that figure is the total number of part-time workers in the U.S. seeking full-time work. The RNC also claims 6 million retirees “will lose prescription drug coverage” under the health care law. But 6 million aren’t expected to go without drug coverage. Instead, they are expected to lose employer-sponsored drug plans and join other Medicare Part D plans instead.
These are just two of a list of 57 figures the RNC calls “ObamaCare By the Numbers,” a compilation the GOP has promoted in years past as well. Several items repeat old claims we’ve seen many times before. For instance, the RNC claims the law “cuts” Medicare by $716 billion, but that’s a reduction in the future growth of Medicare spending over 10 years, not a slashing of the current budget. And the RNC repeats the well-worn distortionthat 800,000 “Will Be Cut Out Of The Workforce By ObamaCare,” a twisting of the Congressional Budget Office’s analysis that actually said there would be a reduction in labor primarily because people would choose to work less.
Other numbers in the list are true: The gross cost of insurance coverage provisions in the law do add up to $1.8 trillion for 2014 to 2023, according to the nonpartisan CBO, and the law’s 10 percent excise tax on indoor tanning services would amount to $1.5 billion over 10 years, according to the Joint Committee on Taxation.

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