ObamaCare Won’t Actually Lower Costs, Says Report

Which, of course, the New York Times tries to spin away

A new government study says President Obama’s health care law will have negligible effects on total national health spending in the next 10 years, neither slowing nor fueling the explosive growth of medical costs.

Yet, time and time again, we were all told that the still incredibly unpopular legislation would lower costs. Guess it won’t. If only some people had spoken out over the 8 months it was debated.

About 32.5 million people will gain coverage, and health spending will grow slightly faster than projected under prior law — at an annual rate of 6.3 percent, rather than 6.1 percent, the report said.

Not surprising, when more people are added, and mandates will force private insurers to raise premiums.

Cuts in Medicare spending, which start in the next few months, and a tax on high-cost employer-sponsored health plans, which takes effect in 2018, will largely offset the cost of expanding Medicaid and subsidizing private insurance for low-income people, said the report, being published online Thursday by the journal Health Affairs.

Question: what happens when companies dump their “high-cost” health plans? Which essentially include most large corporation sponsored plans.

Yet, throughout the Times’ attempt to say “see, it’s not that bad. It doesn’t do what they said it would do, but, it’ll be OK. In a decade.” But, as Fox News points out from the report

Factoring in the law, Americans will spend an average of $13,652 per person a year on health care in 2019, according to the actuary’s office. Without the law, the corresponding number would be $13,387.

A White House blog post from health reform director Nancy-Ann DeParle said that by 2019 overall health care spending per insured person would average $14,720 under the law, compared with $16,120 if Congress and the president had not acted, or $1,400 less.

The entire point, at least as it was laid out in public by Obama and the Democrats, was to lower health insurance and health care costs. Mission fail.

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3 Responses to “ObamaCare Won’t Actually Lower Costs, Says Report”

  1. gitarcarver says:

    Don’t forget, the CBO is now saying that Obamacare will cost $115 Billion more than originally assessed.

    http://www.cbo.gov/ftpdocs/114xx/doc11490/LewisLtr_HR3590.pdf

    Democrats are fleeing from their own record and trying to distance themselves from this president and his policies. Of course, it is a record of ineptitude, but they cannot run away from their own historical past.

  2. John Ryan says:

    the USA spends twice as much as Switzerland per person on healthcare. 30% of healthcare premiums go to “administration” fees If national healthcare is good enough for senators and cops and firemen than it is good enough for me. Teach what Americans do you think should NOT receive healthcare when they are sick ?

  3. gitarcarver says:

    Geez Ryan, you really don’t have a clue, do you?

    Government administration costs of Medicaide and Medicare are higher as a direct cost and as a percentage than private firms. Why do you think that is? Do you think it could be because companies look to be fast and efficient?

    You complain that the US spends more than Sweden, (ignoring other factors) but don’t address the fact that ObamaCare costs MORE than the present system.

    Secondly, “cops and firemen” do not have “national health care” at this time. Not only that, the health care that Senators have now is of higher value than proposed under ObamaCare. You won’t be enjoying or paying for the same health care they have now – you’ll be paying more for less than they have now.

    As a final shot, what has Teach or anyone said that leads you to believe that anyone wants or for that matter anyone is denied health care?

    Seriously Ryan, what drugs are you taking where you live in some sort of alternate reality?

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