Report: Health Overhaul Will Increase Nation's Tab

Discussion in 'Politics' started by Revmitchell, Apr 23, 2010.

  1. Revmitchell

    Revmitchell
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    WASHINGTON -- President Barack Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.

    A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance -- adding 34 million Americans to the coverage rolls.

    But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, however, since the report also warned that Medicare cuts in the law may be unrealistic and unsustainable, forcing lawmakers to roll them back.

    The mixed verdict for Obama's signature issue is the first comprehensive look by neutral experts.

    In particular, the warnings about Medicare could become a major political liability for Democratic lawmakers in the midterm elections. The report projected that Medicare cuts could drive about 15 percent of hospitals and other institutional providers into the red, "possibly jeopardizing access" to care for seniors.

    More Here
     
  2. Salty

    Salty
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    This makes me sick
     
  3. targus

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    No surprise here.

    Who actually believed that the healthscare bill would improve health care delivery?

    Who didn't know that it will only drive up costs and reduce available services?
     
    #3 targus, Apr 23, 2010
    Last edited by a moderator: Apr 23, 2010
  4. Bob Alkire

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    If you have to insure everyone, no matter what their health is, price of care has to go up. Look at Mass. care, they found out.

    If the companies are making 1 to 3 and a half percent, there isn't a lot of room to play around with.
     
  5. Crabtownboy

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    Better go see a doctor. :laugh:
     
  6. carpro

    carpro
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    Surely you knew Obama was lying all along?
     

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