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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBush's Medicare Part D was far more expensive than the Affordable Care Act and.... never budgeted
Politifact ruling on this claim : Mostly True
.........................
Via email, Krugman told us, "Not sure about what never budgeted means, or exactly how more expensive is defined. But the ACA designated cost savings and revenues to pay for the outlays; Part D just specified outlays with no offset."
Krugman gives a different measure in his late-2009 blog entry: "According to the Medicare trustees, Part D created a $9.4 trillion unfunded liability over the next 75 years." The trustees 2013 report updated that estimate to $9.2 trillion for 2013-2087.
A June 17, 2013, PolitiFact Virginia fact-check showed that January 2013 Government Accountability Office estimates of the Obamacare laws cost over 75 years could result in two scenarios: It could raise the national debt $6.2 trillion if its cost containment measures were phased out, or it could save the government $13.3 trillion if it works as intended. A GAO analyst said the report did not say whether one outcome or the other is more likely.
Our ruling
The image shared on Facebook said, "Bushs Medicare D was far more expensive than the Affordable Care Act, and, unlike the ACA, was never budgeted."
Its a vague claim without context. Looking for a reasonable way to evaluate it, we found the Obamacare law was "funded" and Part D "unfunded" and that, using estimated 10-year costs at inception, the former was projected to save $148 billion and the latter to cost something under $501 billion (in 2013 dollars).
We rate the claim as Mostly True.
http://www.politifact.com/texas/statements/2013/nov/18/facebook-posts/obamacare-law-was-funded-and-expected-save-billion/
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Bush's Medicare Part D was far more expensive than the Affordable Care Act and.... never budgeted (Original Post)
ErikJ
Nov 2013
OP
ProSense
(116,464 posts)1. It was
expensive (Bush lied to Congress about the cost), unpopular and had to be fixed by the ACA.
Affordable Care Act continues to outpoll Bush's Medicare Rx launch
http://www.dailykos.com/story/2013/11/19/1256789/-Affordable-Care-Act-continues-to-outpoll-Bush-s-Medicare-Rx-launch
This is sabotage, plain and simple
http://www.democraticunderground.com/10024063858
riversedge
(69,708 posts)2. Another Debt added by the @GOP
Of course the lazy media will not be outraged by this finding!
How many solid-gold reasons do you need to be a Democrat?