Wow! Who would have thought it! Health care is going to cost more! Surprise, Surprise!
According to this AP story:
President Barack Obama's health care overhaul law is getting a mixed verdict in the first comprehensive look by neutral experts: More Americans will be covered, but costs are also going up.You mean the medicare cuts in the law were "unrealistic and unsustainable?" You mean they put phony numbers in the bill to show that it would save money and that those medicare cuts are not realistic and it really won't save money? I am shocked, I tell you. Shocked! You don't think they knew this do you? Why didn't someone expose that? Why didn't someone tell the Democrats in Congress this before that passed this bill. Why didn't someone suggest we scrap this bill and pass health care reform that would lower cost.
Economic experts at the Health and Human Services Department concluded in a report issued Thursday that the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million 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, since Medicare cuts in the law may be unrealistic and unsustainable, the report warned.
To read a real authoritative, boring thirty-eight page report from the Office of the Actuary of the Department of Health and Human Services with lots of numbers and tables that explains why Obamacare will increase health care cost click here.