The Absurd Report

Democrats have promised that health reform would reduce health care costs, but legislation the House passed last week would increase costs over the next decade by $289 billion. By 2019, health costs would rise to 21.1 percent of GDP compared to 20.8 under current law, according to an actuarial report prepared by the Centers for Medicare and Medicaid Services.

�With the exception of the proposed reductions in Medicare payment updates for institutional providers, the provisions of H.R. 3962 would not have a significant impact on future health care cost growth rates. In addition, the longer-term viability of the Medicare update reductions is doubtful,� the report said.

In other words, outside of Medicare payment cuts to hospitals, the bill doesn�t curb increasing health care costs. And even the Medicare payment cuts will be difficult to sustain.

The analysis is more bad news for Democrats, who are facing increasing criticism that their reforms don�t do enough to control costs. Republicans released the analysis and jumped on the news.

�This report confirms what virtually every independent expert has been saying: Speaker Pelosi�s health care bill will increase costs, not decrease them,� said Rep. Dave Camp, the ranking Republican on the House Ways and Means Committee. �This is a stark warning to every Republican, Democrat and Independent worried about the financial future of this nation. I hope my colleagues in the Senate heed CMS� findings and refuse to rush ahead until any bill under consideration can be certified to actually reduce health care costs.�

Read more from Politico.com

SideBear: This should surprise no one and the country is headed towards one more GIANT entitlement program like Social Security and Medicare except this one will put the final nail in our financial coffin; but of course isn�t that the master plan.

1 Comment »

Trackback URI | Comments RSS