We’ve belabored the point how, despite the promise of Obama’s apologists that once Congress passed health care, it would start becoming increasingly popular, public opinion has, if anything, moved in the opposite direction. Now, we learn that another Democratic claim is falling by the wayside, the multi-billion dollar boondoggle is going to increase our health care costs. Blogging law professor William A. Jacobson explains:
The gloss is off the Obamacare rose, if it ever were there. The Office of the Actuary of Medicare has released a report which finds that Obamacare will increase, not decrease, health care costs, and … (wait for it because you never would have guessed) … the financial assumptions were unrealistic!
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.
No wonder, Jacboson writes, “Democrats refused to delay the vote on Obamacare even though the Medicare Actuary was not able to complete his analysis and cost estimates in time for the vote.”
And get this, Health and Human Services Secretary Kathleen Sebelius told the House Appropriations Committee she had no idea how much the “high risk” pools were going to cost (via Gateway Pundit.) Shouldn’t she have given this testimony before Congress voted on the Democrats’ health care overhaul?
*NB: Shortened title to fit it on two lines.