Associated Press: Report: Health Overhaul Will Increase Nation’s Tab
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.
The first comprehensive look by neutral experts? The first comprehensive look by neutral experts?!? What, exactly, have we been talking about for the last year? Who have these people been listening to? My goodness. I think I just sprouted a half-dozen gray hairs.
News to the Associated Press: This is not so much the first comprehensive look at the Democrats’ health care reform by neutral experts as it is the first chance the nation is finally distracted enough by something else–financial reform–that the AP can print the truth without running the risk of causing trouble for the White House.
Read the rest of the piece, which was released late last night as I was supposed to be studying for final exams. It reads like a laundry list of everything we’ve talked about here at America’s Right since this time last year. The only thing missing, it seems, is the reality that the GOP’s legislative alternative–the 253-page health care bill based upon interstate competition, risk pools and tort reform–was scored by the CBO as costing $61 billion over ten years rather than $1.2 trillion, and that the CBO admitted that it would actually reduce costs.
Thankfully, the American people have become informed about this issue. They understand it. They see the adverse consequences. In many cases, they already feel it. Now, it’s just a matter of ensuring that their frustration does not wane and that their resolve does not waver.