HHS CMS Medicare actuaries report confirms that Obama's HealthCare law not only increases the deficit but will increase premiums.
But we already knew that...forcing the mess of bills down the throats of voters who did not support it in a mad haste was done on purpose.
Obama's economic policies are unsustainable and won't work. Everyday more evidence:
But we already knew that...forcing the mess of bills down the throats of voters who did not support it in a mad haste was done on purpose.
Obama's economic policies are unsustainable and won't work. Everyday more evidence:
BigNews.biz* Health Care Costs Increase: National health expenditures under the health reform act would increase by a total of $311 billion (0.9 percent) during calendar years 2010-2019. [Page 4] The actuaries found the law bends the cost curve up by a greater degree than either the House or Senate-passed legislation, despite the Administration's claim that slowing national health spending was the "single most important" reason to overhaul the health system.
* Over One-Half Trillion in Medicare Cuts: The Medicare actuaries found that the new health law cuts $575 billion [Page 4] from Medicare.
* Seniors Access to Care Jeopardized: As a result of the cuts to Medicare, the actuaries found, absent legislative intervention, [providers] might end their participation in the program (possibly jeopardizing access to care for beneficiaries). [Page 10]
* Workers & Seniors Cant Keep the Health Plan They Have and Like: We estimate that such actions would collectively reduce the number of people with employer-sponsored health coverage by about 14 million. [Page 7] Furthermore, 2 million Americans who currently have employer-provided health coverage will be dumped into Medicaid. [Page 3] Additionally, the actuaries predict millions of seniors will lose their Medicare plan because massive cuts to the program will result in, about 50 percent of seniors no longer being in a plan. [Page 11].
* Long Wait Lines Resulting From A Shortage of Doctors and Hospitals: For now, we believe that consideration should be given to the potential consequences of a significant increase in demand for health care meeting a relatively fixed supply of health care providers and services. In other words, Americans should be prepared for doctor and hospital shortages under the new law. [Page 20]
* False Promise to Those With Pre-Existing Conditions: By 2011 and 2012 the initial $5 billion in Federal funding for [high risk pools] would be exhausted, resulting in substantial premium increases to sustain the program. [Page 16]