The nation’s medical costs will keep spiraling upward even faster than they are now under Democratic legislation pending in the House, a report from government economic experts concluded Wednesday.
Republicans said the report is a warning sign that health care legislation is likely to fall short of President Barack Obama’s goal of “bending the cost curve” by slowing torrid rates of medical inflation.~~~
Unlike previous estimates that have focused mainly on the legislation’s impact on the federal deficit, the actuaries’ report looked at total costs, public and private, over the next 10 years. It found that the nation’s health care tab would increase somewhat more rapidly with the legislation than if nothing is done. The main reason: Newly insured people will seek medical care.
The nation’s health care tab, now at about $2.5 trillion annually, is projected to approach $4.7 trillion in 2019 without the legislation.
With the legislation, national health care spending would be nearly $4.8 trillion in 2019.
Health care would account for 21.3 percent of the U.S. economy in 2019, slightly more than an estimated share of 20.8 percent of the economy if no bill passes. Economists have warned such increases are unsustainable.
“With the exception of the proposed reductions in Medicare … (the legislation) would not have a significant impact on future health care cost growth rates,” the report said. Moreover, it’s “doubtful” that proposed Medicare cuts will stay in place, the analysts concluded.~~~
It also cautioned that tens of millions of newly insured people could put a strain on the health care system.
“The additional demand for health services could be difficult to meet initially with existing health provider resources and could lead to price increases, cost-shifting and/or changes in providers’ willingness to treat patients with low-reimbursement health coverage,” the analysts concluded.
We all knew this to be the true months ago…well, those with common sense understood this. This study is just one more that shows the exact same thing, that ObamaCare will in no way reduce the amount of money spent on health care and in fact will worsen the system, worsen the health care product, worsen the service, and worsen our economy.
The public understands this now so Obama and company actually break the law to get it passed:
Senate Finance ranking member Chuck Grassley (R-Iowa) is raising concerns that a Department of Health and Human Services Web site that urges visitors to send an e-mail to President Barack Obama praising his health care reform plan may violate rules against government-funded propaganda.
The Web page is accessed through a “state your support” button featured prominently on the HHS Web site and carries a disclaimer that the Web site is maintained by HHS.
In a letter sent to HHS Secretary Kathleen Sebelius Tuesday, Grassley warned that “any possible misuse of appropriated funds by the executive branch to engage in publicity or propaganda in support of an Administration priority is a matter that must be investigated and taken seriously,” noting that in 2005 Speaker Nancy Pelosi (D-Calif.) argued that “the use of official funds for similar activities were ‘underhanded tactics’ and that these tactics ‘are not worthy of our great democracy.’”
It’s propaganda plain and simple.
But now Pelosi and the left think nothing of it.