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June 13, 2012
Government Report: As A Result Of Obamacare Health Care Spending Will Be $478 Billion Higher Over Next Decade
Government Report: As A Result Of Obamacare Health Care Spending Will Be $478 Billion Higher Over Next Decade
hen President Obama began pushing national health care legislation in 2009, he argued that reform was needed to rein in the unsustainable growth in health care spending that was crippling the budgets of businesses, states and the federal government. But a new government actuarial study finds that as a result of the law, health care spending will be $478 billion higher over the next decade than it would have otherwise been had no law been passed.
Furthermore, as a result of the health care law, about 50 cents of every dollar of health care spending in the United States will be financed by government by 2021, according to the report from the actuary’s office at the Centers for Medicare and Medicaid Services, unveiled today in the journal Health Affairs.
Already, supporters of greater government involvement in the health care sector are touting the report. “It’s delivering more coverage for the same dollars,” Austin Frakt, a professor at the Boston University School of Public Health, told the Huffington Post’s Jeffery Young.
Wild Thing's comment ..............
I pray so hard we get rid of obamacare.
Posted by Wild Thing at June 13, 2012 12:50 AM
Comments
Higher costs, less freedom, worse care... and this helps us how?
Posted by: Anonymous at June 13, 2012 09:25 PM
Anonymous, exactly.
Posted by: Wild Thing at June 14, 2012 01:44 AM
