New Study Comparing Long-Term Costs of Current Health Care Reform Legislation
New Study Comparing Long-Term Costs of Current Health Care Reform Legislation
First to Compare 20-Year Impact of House and Senate Legislation, Including Effects on the Federal Deficit, State Budgets, and Family Spending
The Peter G. Peterson Foundation today revealed the latest comprehensive study of the long-term fiscal impacts of the current Senate and House health care reform legislation. The comprehensive study, “Comparing the Cost and Coverage Impacts of the House and Senate Leadership Health Reform Bills: Long Term Costs for Governments, Employers, Families and Providers,” was conducted by the Lewin Group and commissioned by the Peterson Foundation.
Including estimated impacts through the year 2029, this study provides the first long-term comparative analysis of the costs of the House and Senate health care reform legislation. The study examines the most recent version of Patient Protection and Affordable Care Act and the House-passed Affordable Health Care for America Act.
About PGPF
PGPF is dedicated to increasing public awareness of the nature and urgency of key economic challenges threatening America’s future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org.
Further Reading
What Is the Premium Tax Credit?
The premium tax credit reduces the cost of health insurance for millions of Americans. It is also one of the largest federal tax expenditures.
National Debt Projected to Hit 175% GDP; Interest Totals $99 Trillion
Compared with the previous 30-year projections, spending will be higher, revenues lower, interest rates and interest payments elevated, and the national debt significantly larger.
Federal Healthcare Costs on Track to Reach $3.1 Trillion by 2036
Federal healthcare programs are among the fastest-growing drivers of federal spending, and their continued growth will put significant upward pressure on the national debt.