Friday, July 29, 2011

Health care costs will skyrocket under ObamaCare, the opposite of what Obama claimed, new US gov. report

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"Government administration" costs will get most of the money, not actual health care.

7/28/11, "White House Celebrates: Health Care Spending Increases Because of Democrats’ Health Care Law," Big Government.com, House Ways and Means Committee

"Today, the White House spin machine attempted to use a Health Affairs report authored by the economists and actuaries from the Centers for Medicare and Medicaid Services (CMS) to tout the supposed success of the Democrats’ health care law. The report once again cites that national health care expenditures will increase as a result of the law.

Recall that previously, the Obama Administration stated that slowing national health spending was the “single most important thing” we could do improve our nation’s finances. However, the chart below from the report (p. 5) shows national health care spending will increase drastically as a result of the Democrats’ health care law.

As our nation careens towards fiscal disaster, with the driving factor being health care costs, we find that we are much closer to the edge of the cliff."...


Data from Centers for Medicare and Medicaid Services




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