I have never heard of, let alone read a CBO report. I actually had no idea what it was or what the acronym stood for until I read the prompt. After reading this report I realized that if I, a college student, didn’t have a very good idea of what this report was, the average joe probably doesn’t even know that this exists either.
After reading through the article, I was surprised to see how dramatic the effect on Medicaid was being proposed. Although I believe that it is a great goal to aspire to lower the federal deficit, I don’t agree that cutting funding for public assistance and putting more strain at the state level is the right answer. I also found it interesting that throughout all the coverage and pressure the current administration has placed on passing this legislature, it hasn’t been mentioned or brought to light the unbelievable amount of people that would immediately go without any medical coverage and the percentage of enrollees in Medicaid within the next decade.
I think that this is valuable information to consumers because the majority of the general public is not well versed in the ins and outs of what exactly health insurance is. It seems that either you are financially able to pay and afford your own medical care, or you don’t, and if you do have insurance, it’s a very confusing journey to go through to process a claim or understand what copays are. That being said, the fact that almost 50 million people in the country are estimated to not have any type of coverage is alarming, given that most people my age will need some level of specialty healthcare within the next 20 plus years.
What I want to know now, is first of all whether this legislature has a chance of passing, and what that would look like in my community. There are a lot of agriculture jobs in the area I grew up in, which means seasonal and part-time hires that do not include insurance, and the average person working an entry level job is still considered to be under the poverty level and not likely to be able to afford medical insurance or care out of pocket. I also am interested in what the effect will be on the employer side in regards to what they will be able to offer because I will be entering the workforce within the next 5 years.
I found the CBO website pretty user friendly and easy to navigate through different topics that could be of interest to me. The FAQ section was pretty vast and had a few relevant questions.