Seriously, implementing a huge new entitlement program is more expensive than doing nothing? Who would have thought that? The Washington Times has the details (via Hot Air)
Total spending is projected to grow annually by 5.8 percent under Mr. Obama’s Affordable Care Act, according to a 10-year forecast by the Centers for Medicare and Medicaid Services released Thursday. Without the ACA, spending would grow at a slightly slower rate of 5.7 percent annually. …
The federal government is projected to spend 20 percent more onMedicaid, while spending on private health insurance is expected to rise by 9.4 percent. …
“Simply put, this report states the obvious, that Americans have known for more than a year – the $2.6 trillion law only makes the fundamental problem of skyrocketing health care costs worse,†said Sen. Orrin G. Hatch, Utah Republican and ranking member of the Senate Finance Committee.
Of course, putting smart legislation in place that would actually do something to help reduce the growing costs would be silly. We needed another giant boondoggle like ObamaCare!
