News Headlines Article

No, Giving More People Health Insurance Doesn’t Save Money
New York Times

In 2014, an estimated nine million people became newly insured thanks to Obamacare.

There’s an oft-expressed view that getting all those people covered could actually save the health system money. The argument goes something like this: Once people have insurance, they’ll go to the doctor instead of an expensive emergency room. Or: Prevention costs far less than a serious illness down the road.

In selling the Affordable Care Act, President Obama was fond of making these sorts of arguments.  “There’s no reason we shouldn’t be catching diseases like breast cancer and colon cancer before they get worse,” he said, in his big 2009 address to Congress, urging passage of the bill. “That makes sense, it saves money, and it saves lives.” The White House was careful to describe the overall financial forecast for the law — the administration said the law would slow spending growth and not reverse it. But it has also argued forcefully and repeatedly about the financial value of preventive care.

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