Dept. of Health and Human Services Report, Obamacare Will Cause Health Costs to RISE

The Hill/ The lid ^ | 11/14/09 | The Lid

[Shellybenoit]

President Obama has said it over and over, health care reform was needed reduce the cost of health care and to bring federal spending under control. Not so fast Mr President. Richard Foster, the chief actuary at the Centers for Medicare and Medicaid, a division of the Department of the Health and Human Services just released a study predicting overall spending on health care would rise by a total of $298 billion dollars over the next decade as a result of the House health care bill passed last Saturday. Additionally billions of dollars in projected savings contained in the measure will be difficult to maintain.

The legislation would expand insurance coverage to an estimated 32 million people who now lack it, according to the report, creating a demand for services that "could be difficult to meet initially and could lead to price-increases, cost-shifting and/or changes in providers' willingness to treat patients with low-reimbursement health coverage."

Beyond not lowering costs, the CMS report refutes many Democratic party claims such as the bill will put so many new people into the system it may overwhelm the limited supply of doctors and many small businesses stop covering their employees driving people into the government plan.

[unkus]

Just more proof that they don’t give a damn about reality.

[Ghost of Philip Marlowe]

300 Billion.

And as we now know, they are generally off by a third.

So we can expect the real costs to be closer to 900 Billion.

Hmm...what comes right after 999 billion?

You know, when times are tough, you simply don’t spend.

You tighten your belt.
You do not gorge as Obammie the Commie is doing.

[TurtleUp]

This is such a cool observation: If the price paid by the consumer of a product drops to zero, then the demand will rise and the total cost paid by those who underwrite the insurance will increase. Who would have thought that price would affect demand?

[Man50D]

Cost is not the paramount issue. The most important point is that Article 1 Section 8 does not specifically nor expressly grant Congress the power to regulate health care. Therefore any federal version of health care is unconstitutional. This is the point people need to impress on their politicians!

[Mike Darancette]

Richard Foster, the chief actuary at the Centers for Medicare and Medicaid, a division of the Department of the Health and Human Services just released a study predicting overall spending on health care would rise by a total of $298 billion dollars over the next decade as a result of the House health care bill passed last Saturday.

And thats after $500 billion in Medicare and NOT giving the doctors their $250 Billion pay cuts back. Could be over $1 Trillion.

[Mike Darancette]

And thats after $500 billion in Medicare