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Whoops, Health care to cost more!

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Whoops, Health care to cost more!

Old 04-24-2010, 06:08 AM
  #1  
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Default Whoops, Health care to cost more!

Yeah like we didn't see this coming!




By RICARDO ALONSO-ZALDIVAR, Associated Press Writer Ricardo Alonso-zaldivar, Associated Press Writer – Fri Apr 23, 5:58 am ET


WASHINGTON – President Barack Obama's health care overhaul law is getting a mixed verdict in the first comprehensive look by neutral experts: More Americans will be covered, but costs are also going up.

Economic experts at the Health and Human Services Department concluded in a report issued Thursday that the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million to the coverage rolls.

But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, since Medicare cuts in the law may be unrealistic and unsustainable, the report warned.

It's a worrisome assessment for Democrats.

In particular, concerns about Medicare could become a major political liability in the midterm elections. The report projected that Medicare cuts could drive about 15 percent of hospitals and other institutional providers into the red, "possibly jeopardizing access" to care for seniors.

The report from Medicare's Office of the Actuary carried a disclaimer saying it does not represent the official position of the Obama administration. White House officials have repeatedly complained that such analyses have been too pessimistic and lowball the law's potential to achieve savings.

The report acknowledged that some of the cost-control measures in the bill — Medicare cuts, a tax on high-cost insurance and a commission to seek ongoing Medicare savings — could help reduce the rate of cost increases beyond 2020. But it held out little hope for progress in the first decade.

"During 2010-2019, however, these effects would be outweighed by the increased costs associated with the expansions of health insurance coverage," wrote Richard S. Foster, Medicare's chief actuary. "Also, the longer-term viability of the Medicare ... reductions is doubtful." Foster's office is responsible for long-range costs estimates.

Republicans said the findings validate their concerns about Obama's 10-year, nearly $1 trillion plan to remake the nation's health care system.

"A trillion dollars gets spent, and it's no surprise — health care costs are going to go up," said Rep. Dave Camp, R-Mich., a leading Republican on health care issues. Camp added that he's concerned the Medicare cuts will undermine care for seniors.

In a statement, HHS Secretary Kathleen Sebelius sought to highlight some positive findings for seniors. For example, the report concluded that Medicare monthly premiums would be lower than otherwise expected, due to the spending reductions.

"The Affordable Care Act will improve the health care system for all Americans, and we will continue our work to quickly and carefully implement the new law," the statement said.

Passed by a divided Congress after a year of bitter partisan debate, the law would create new health insurance markets for individuals and small businesses. Starting in 2014, most Americans would be required to carry health insurance except in cases of financial hardship. Tax credits would help many middle-class households pay their premiums, while Medicaid would pick up more low-income people. Insurers would be required to accept all applicants, regardless of their health.

The U.S. spends $2.5 trillion a year on health care, far more per person than any other developed nation, and for results that aren't clearly better when compared to more frugal countries. At the outset of the health care debate last year, Obama held out the hope that by bending the cost curve down, the U.S. could cover all its citizens for about what the nation would spend absent any changes.

The report found that the president's law missed the mark, although not by much. The overhaul will increase national health care spending by $311 billion from 2010-2019, or nine-tenths of 1 percent. To put that in perspective, total health care spending during the decade is estimated to surpass $35 trillion.

Administration officials argue the increase is a bargain price for guaranteeing coverage to 95 percent of Americans. They also point out that the law will decrease the federal deficit by $143 billion over the 10-year period.

The report's most sober assessments concerned Medicare.

In addition to flagging provider cuts as potentially unsustainable, the report projected that reductions in payments to private Medicare Advantage plans would trigger an exodus from the popular alternative. Enrollment would plummet by about 50 percent. Seniors leaving the private plans would still have health insurance under traditional Medicare, but many might face higher out-of-pocket costs.

In another flashing yellow light, the report warned that a new voluntary long-term care insurance program created under the law faces "a very serious risk" of insolvency.
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Old 04-24-2010, 10:51 AM
  #2  
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It doesn't take a genious to see that medicare and medicaid are bankrupt and riddled with fraud. I loved it when bho said "we" (meaning us taxpayers, although he said it as if the gov't actually earns money) would pay for the new bill he shoved down out throats by cracking down on all the fraud. Excuse me? Why not fix the fraud and use that money to cover the tiny percentage of CITIZENS without insurance. Use what's left over to pay off the deficit, and send a bill to Mexico for what they owe on illegal's healthcare (or just deduct it from what we give them every year).

The main problem I see is bho thinks the majority of U.S. citizens are idiots....and seeing how he got elected, it would seem he is correct.
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Old 04-24-2010, 11:33 AM
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Anyone who already had health insurance is gonna pay more for sure, I never doubted that for a second, we have to pay for the ones who would not and or, could not pay their own. That's what socialism does, share the wealth, income redistribution is what the health care bill was all about, that, and government control of the people, loss of more freedom, only the totally blind can not see it.
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Old 04-24-2010, 04:02 PM
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Hows that change now?
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Old 04-24-2010, 04:24 PM
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I have a question for the libs that defend the "health care" debacle. Do you plan to sign up for it? Why wouldn't the very ones promoting it in Congress sign a pledge to be covered under the same plan they shoved down our throats?

I lost a dear friend a couple years ago, to cancer. He was on Medicare/Medicaid, because of the removal of a brain tumor some years earlier. He was forced to sign up for disability by his former employer (or just do without period).

When he was diagnosed, his doctor flat told him that Medicare didn't pay enough for him to perform surgury, and since his chances of survival weren't that good he would just prescribe pain medication to help him get by until he died. That's what bho wants to be forced on all of us. I hope he's impeached.
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Old 04-24-2010, 05:46 PM
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My dream, but it ain't gonna happen, To many air head liberals around.
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