THE LATEST attack on the Affordable Care Act, otherwise known as Obamacare, is the claim that its long-term cost has suddenly spiked from around $1 trillion to $1.7 trillion. Because the new figure is plucked from a March Congressional Budget Office estimate, opponents of the law contend that the agency’s analysis shows it will be a budgetary disaster.
But as with so many assertions by critics of Obamacare, this one is misleading. Or as the CBO puts it: “Some of the commentary . . . has suggested that CBO and [the Joint Committee on Taxation] have changed their estimates of the effects of the ACA to a significant degree. That’s not our perspective.’’