The Obamacare Act, A Cornerstone Of His Presidential Campaign

1621 WordsApr 26, 20177 Pages
What is the most up to date information on the Obamacare Act? Donald Trump made repealing and replacing Obamacare, a.k.a. the Affordable Care Act, a cornerstone of his presidential campaign. Yet, unlike some of his GOP rivals, the candidate pledged to preserve Medicaid and Medicare. So far, President Trump has stumbled on both promises. His first attempt to repeal and replace Obamacare failed in March because it didn 't appeal to both hardline conservatives and moderate Republicans. Now, Trump is pushing Congress to come to an agreement on a plan that could do just that. What 's more, Trump has shown a willingness to compromise both Medicaid and Medicare: his Obamacare replacement plan would have slashed funding for Medicaid and weakened…show more content…
While projected growth is faster compared to recent experience, it is still slower than the growth experienced over the longer-term history. By 2022, the ACA is projected to reduce the number of uninsured people by 30 million, add approximately 0.1 percentage-point to average annual health spending growth over the full projection period, and increase cumulative health spending by roughly $621 billion. Health spending is projected to be 19.9 percent of GDP by 2022. Major Findings by Payer Medicare due to a deceleration in growth across most service types in 2012, Medicare spending growth is estimated to have slowed to 4.6 percent, down from 6.2 percent growth in 2011, for a total of $580.0 billion. Projected Medicare spending growth of 4.2 percent in 2013 reflects the 2-percent reduction in Medicare payments mandated in the Budget Control Act of 2011, also referred to as sequestration. For 2015 through 2022, projected Medicare spending growth of 7.4 percent reflects the net effect of faster growth in enrollment and utilization, increased severity of illness and treatment intensity, and faster growth in input prices, partially offset by ACA-mandated adjustments to payments for certain providers, lower payments to private plans, and reducing scheduled spending when spending exceeds formula-driven targets. Medicaid Medicaid spending is estimated to have grown 2.2 percent to $416.8 billion in 2012, similar to the 2.5 percent growth in

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