The nonpartisan Congressional Budget Office (CBO) expects that the Affordable Care Act (ACA) will reap $84 billion in savings over eleven years. Â A report released Tuesday by the CBO noted that the Supreme Court’s recent ruling, specifically the portion dealing with the proposed expansion of Medicaid coverage, lowers the overall cost to the federal government by making it easier for states to opt out and therefore reducing the number of new people expected to be covered under the plan by an estimated six million.
The CBO report also asserts that repealing the ACA, as advocated by Republicans, would actually increase the federal deficit over the same period of time by $109 billion, as the healthcare reform law’s revenue increases and spending cuts combined more than make up the cost of expanding insurance covered to the currently uninsured.
The anticipated increase in Americans with health insurance as a result of the ACA will result in more doctors’ visits. Â Strong medical billing software and Electronic Medical Records software like Medisoft Clinical, Allscripts MyWay, and McKesson Practice Choice can help make a practice more efficient and profitable. Â Contact Microwize Technology for more information.