1/26/2011

Medicare actuary says that Obamacare will raise national health care costs by $311 billion through 2019

From the Hill newspaper:

The Obama administration on Wednesday rekindled a feud with the Medicare program's chief actuary after he again questioned the healthcare reform law's savings.

In his analysis of the law last April, and again during testimony before the House Budget Committee on Wednesday, Rick Foster said the law would increase national healthcare spending by $311 billion through 2019 and questioned whether Medicare savings called for in the law are sustainable. . . .


Here were some other bombshells dropped during the hearing today:

Foster was asked by Rep. Tom McClintock, R-Calif., for a simple true-or-false response on two of the main assertions made by supporters of the law: that it will bring down unsustainable medical costs and will let people keep their current health insurance if they like it.
On the costs issue, "I would say false, moreso than true," Foster responded.
As for people getting to keep their coverage, "not true in all cases." . . .


The number of unions and companies granted temporary waivers under the new health care law has grown to 729.

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