Skip to comments.Overhead costs exploding under ObamaCare, study finds
Posted on 05/28/2015 2:03:09 PM PDT by Jim Robinson
Five years after the passage of ObamaCare, there is one expense thats still causing sticker shock across the healthcare industry: overhead costs.
The administrative costs for healthcare plans are expected to explode by more than a quarter of a trillion dollars over the next decade, according to a new study published by the Health Affairs blog.
The $270 billion in new costs, for both private insurance companies and government programs, will be over and above what would have been expected had the law not been enacted, one of the authors, David Himmelstein, wrote Wednesday.
Those costs will be particularly high this year, when overhead is expected to make up 45 percent of all federal spending related to the Affordable Care Act. By 2022, that ratio will decrease to about 20 percent of federal spending related to the law. The study is based on data from both the governments National Health Expenditure Projections and the Congressional Budget Office. Both authors are members of Physicians for a National Health Program, which advocates for a single-payer system.
"This number 22.5 percent of all new spending going into overheard is shocking even to me..
(Excerpt) Read more at thehill.com ...
“Make work,” to improve the economy.
Oh no! It can’t be! Costs were supposed to go down!
Incompetence or lies?
I vote: “yes.”
Nancy Pelosi: “We need to pass this Bill, so we can see what’s in it”
“Make work, to improve the economy.”
And the fed is purposely holding inflation rates down.
And the author of the study is pushing for single payer. Apparently after government screwing up our health care system, their answer is even more government again.
What do all these health care workers do to keep busy when all the newly impoverished insured cannot afford to seek the medical care?
Sounds like they could use this as another reason to switch to single payer, which was what they wanted all along.
So complying with 2300 pages of government regulations costs money? Who knew?
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