But, to outrightly fellate it, as in this Facebook post? Wrong:
Remember when opponents of Obamacare claimed it would bankrupt America?
New cost projections, published yesterday by the nonpartisan Congressional Budget Office, show the law costing 29% less over the next five years than the CBO first estimated. The reason: Healthcare costs are rising more slowly than previously assumed. Why the slowdown? (1) Larger co-payments and deductibles have caused consumers to rein in their own spending on healthcare, (2) Obamacare has caused providers to improve efficiencies in delivering healthcare, and (3) The law has also created incentives for more preventive care, thereby reducing the incidence of costly chronic diseases (heart disease, some cancers, and diabetes).
Bottom line: Obamacare is on the way to proving itself a huge success. But that doesn’t seem to matter to Republicans who are still out to kill it.
Because, per Media Matters, six years ago, Reich was severely lamenting the lack of a public option. And, he was talking about how this was making the CBO price Obamacare so pricey.