Posted on 01/10/2010 5:41:05 AM PST by prairiebreeze
WASHINGTON Americans would see only a modest rise in health care costs under the Senate's plan to extend coverage to 34 million people who currently go without health insurance, government economic experts say in a new report.
The study found that health spending, which accounts for about one-sixth of the economy, would increase by less than 1 percent than it otherwise would over the coming decade even with so many more people receiving coverage.
Over time, cost-cutting measures could start to reduce the annual increases in health care spending, offering the possibility of substantial savings in the long run. At the same time, however, some of the Senate's Medicare savings could be unrealistic and cause lawmakers to roll them back, according to Medicare's top number crunchers.
Health and Human Services Secretary Kathleen Sebelius said the report released Saturday shows the Senate bill would slow the rate of health care costs, strengthen Medicare and provide millions more people with insurance coverage.
President Barack Obama used his weekly radio and Internet address to play up the brighter side of the overhaul he hopes to sign in time for his first State of the Union address to a joint session of Congress in a matter of weeks.
He said it would ban "the worst practices of the insurance industry" even as he acknowledged it would take several years until 2014 in some instances for some of the changes to be fully in place. That has disappointed consumers and their advocates.
"Now, it'll take a few years to fully implement these reforms in a responsible way," the president said. "But what every American should know is that once I sign health insurance reform into law, there are dozens of protections and benefits that will take effect this year."
(Excerpt) Read more at news.yahoo.com ...
Furthermore, the exact source of the study is never cited. “Government economic experts”....probably Obama’s kids.
Who wrote this - the tooth fairy or the Easter bunny?
That's a powerful alliance!
No kidding! The $hittiest reporting I have seen today. They dont even cite the source of the report. For all we know the freaking DNC wrote this lying report.
Not too many things cost less as time goes by. The cost of Medicare was underestimated by eightfold. Liberals will say anything to get what they want and damn the consequences. Time to clean house of dimwits and RINO’s.
Bwahahahahahahahahahahahahahahahahahahahahahahaha, MODEST????? liar liar pants on fire........
yep...2 big flags.
1 = “government economic experts” un-identified, can’t be questioned. what happened to the CBO?
2 = no way to comment on the article at Yahoo...cuts the people’s participation out completely
Socialism strikes out again, when will the project dwellers learn.
Shameless propaganda. At least the MSM continues to meet expectations...
Sure, after everyone over Age 55 has been sent for the boxcar ride.
Report: Health costs up slightly under Senate bill
Ha ha Ha ha Ha ha Ha ha Ha ha Ha ha Ha ha Ha ha
Wouldn't buy health insurance
Now he's a convicted criminal
Love how the AP tries to give cover to Democrats by using the word “slightly”.
Yeah. And gasoline costs are up “slightly” from 1967 too!
Obama promised $2,500 savings for the “typical family” when it comes to premiums. Pants on fire!
WTF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I thought this was about curbing rising health care costs. They can KMA, I’m so over their BS!!!!!!!!!!!!!!!!!!
They are taking small steps in laying the foundation for when the truth materializes. Then they can point back and say “See, we did say costs would go up”.
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