Health care costs to Increase not decrease

WASHINGTON — The Obama administration on Friday defended the new health insurance law after a report from its own Medicare services agency showed the provisions will INCREASE the nation‘s health care tab over the next 10 years instead of bringing costs down.

Well, surprise, surprise, surprise!

They have lied, folks, and are now defending their lies. We all know it.   I dare say more ordinary citizens have read and researched this health care law than members of the congress.  And the press?  Where were they?

And Queen Kathleen ignores it:

Health and Human Services Secretary Kathleen Sebelius ignored the bad news Friday, emphasizing that Chief Actuary Richard S. Foster agrees that 34 million people will be insured who aren’t currently.

Robert Gibbs whines about “tired arguments”:

“I don’t doubt that those who opposed health care reform are going to continue to make the same, tired old arguments that have been made for years and years as it relates to health care.The president will and the administration will continue to talk about the benefits of what was passed in the law as many of those benefits come on line in the next several months,” he said.

But:

Among the findings, the actuary concluded that:

– About 14 million people would lose their employer coverage by 2019 as smaller employers terminate coverage and workers who currently have employer coverage become enrolled in Medicaid;

– The estimated reductions in the growth rate of health spending “may not be fully achievable” because “Medicare productivity adjustments could become unsustainable even within the next 10 years, and over time the reductions in the scope of employer-sponsored health insurance could also become an issue”;

– New fees and taxes on medical device makers will “generally be passed through to health consumers in the form of higher drug and devices prices and higher premiums”;

– By 2011 and 2012 the initial $5 billion in federal funding for the creation of a national high-risk pool “would be exhausted, resulting in substantial premium increases to sustain the program; we anticipate that such increases would limit further participation”;

– It is reasonable to expect that a significant portion of the increased demand for Medicaid would be difficult to meet, particularly over the first few years”;

– Businesses would pay $87 billion in penalties between 2014-2019 for failure to offer insurance.

And:

A separate CBO analysis released Thursday estimated that 4 million households would be hit with tax penalties under the law for failing to get insurance.

Read more:  http://www.foxnews.com/politics/2010/04/22/health-care-law-increase-costs-experts-conclude-new-report/

The truth comes out as time goes on, and is there any wonder I don’t trust what Chris Dodd and the administration is saying about the financial reform bill?

https://bellalu0.wordpress.com/2010/04/17/chris-dodds-financial-reform-bill-warning/

Posted:  04.23.10

1 Comment

Filed under Barack Obama, health care, politics

One response to “Health care costs to Increase not decrease

  1. bellalu0

    There he goes again talking about what Americans “cherish” referring to the law in Arizona, just signed by the governor.:

    it is a “violation of basic rights which threaten to undermine basic notions of fairness that we cherish as Americans…..”

    But notice he says notions of fairness that we cherish – not protecting the rights of the American people, but for somebody else, who likely is not a citizen. Does he care that it is the American citizens who are suffering because of lack of enforcement on the border? Not at all.

    Any time he refers to rights or notions of fairness he is almost always talking about something he can use to advance his agenda. He is using Alinsky tactic of “holding them to their own ideals” to twist it around and use it against us. He is an enemy of our ideals and our rights.

    Listen to what he has to say about any and all American citizens who speak out against his policies!!! Don’t hear him saying how he “cherishes” our right to free speech, do you?

    Like

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