On Monday, May 21st, e21 held an event: "Medicare Numbers Examined: Blahous and Bernstein Discuss the Fiscal Consequences of the Health Care Law, "an animated discussion between Jared Bernstein and Charles Blahous, author of the landmark study The Fiscal Consequences of the Affordable Care Act.
One core rationale for 2010’s health care law was that it would provide new health coverage to tens of millions of Americans without raising the deficit. The claim to budget neutrality was questioned at the time by many who argued that the positive score was dependent on various budget gimmicks. Two years after the law’s passage, new research has confirmed fears that budget scorekeeping conventions concealed the full fiscal consequences of the new law. Much of the confusion arose because hundreds of billions of dollars in Medicare savings were credited to shoring up the Medicare HI Trust Fund while also being used to pay for a new health benefit program.
Charles Blahous is an e21 Contributor, Research Fellow at the Hoover Institution, Senior Research Fellow with the Mercatus Center, and a U.S. Public Trustee for the Social Security and Medicare programs.
Jared Bernstein is a Senior Fellow at the Center on Budget and Policy Priorities and former Chief Economist and Economic Adviser to Vice President Biden.
Moderator: Major Garrett, White House Correspondent for National Journal