Guess you didnt see this on MSN or any of the Obama presses, Oh yah thats right they didnt feel it would help him to promote this.
The Supreme Court decision that threw out part of President Barack Obama’s health-care overhaul will cut the law’s cost and leave more people uninsured, according to the Congressional Budget Office.
Supporters of President Obama's health care law, called the Affordable Care Act, celebrate outside the Supreme Court after the justices upheld the law on June 28, 2012. Photographer: Jim Lo Scalzo/EPA
About 3 million fewer Americans will receive insurance coverage as a result of the court decision, which voided a provision to require states to expand Medicaid coverage for the poor, the nonpartisan agency said today. The cost of expanding coverage will shrink by $84 billion, CBO said.
It is the first official cost estimate of the court’s June 28 decision to uphold the 2010 law’s requirement that most Americans carry health insurance or pay a penalty.
In February 2011, CBO predicted that the health-care law would provide coverage to 33 million previously uninsured Americans by expanding Medicaid and setting up markets where consumers could buy insurance. The law would reduce the U.S. deficit by $210 billion over a decade, CBO said at the time.
The Medicaid expansion, to take effect in 2014, is designed to extend eligibility to those with income up to 138 percent of the federal poverty line. The program has generally been limited to pregnant women, families with dependent children, the disabled and the elderly poor.
Previously, states that didn’t comply with the expansion were to lose all or part of their federal Medicaid funding. Instead, the Supreme Court said Congress can require states to meet conditions to receive new Medicaid money, though it can’t take away existing funds.