Friday, April 23, 2010

INDEPENDENT REPORT SHOWS INCREASED COSTS FOR OBAMACARE!

No big surprise here but what is surprising is that USA Today had the temerity to print this.  Obviously, adding 34 million people and cutting the number of doctors will lead to increased costs and rationing.  Hopefully the courts will rule this Crap Sandwich unconstitutional. 
WASHINGTON (AP) — President 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. It also warned that Medicare cuts may be unrealistic and unsustainable, driving about 15% of hospitals into the red and "possibly jeopardizing access" to care for seniors. 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. Seniors are more likely to vote than younger people and polls show they are already deeply skeptical of the law. The report from Medicare's Office of the Actuary carried a disclaimer saying it does not represent the official position of the Obama administration. White House officials have repeatedly complained that such analyses have been too pessimistic and lowball the law's potential to achieve savings. 
You can read the entire story here.

1 comment:

Always On Watch said...

Obviously, adding 34 million people and cutting the number of doctors will lead to increased costs and rationing.

I can only hope that Mr. AOW gets all the post-stroke therapy he needs before the rationing begins.

Lord knows that Mr. AOW has paid in plenty of insurance premiums over the years.