I hate to say I told you so.
FOXNews.com - Gov't: Spending to Rise Under Obama's Health Care Overhaul
FOXNews.com - Gov't: Spending to Rise Under Obama's Health Care Overhaul
So our health care spending will be a whopping 1.9% higher? Talk about a smoking gun!
Would love to know where that info comes from.
Medicare Office of the Actuary is the source. I think paying more for less is a smoking gun.
I trust that office none.I trust that office none.
Oops - didn't read the fine print.
From YOUR article:
"The average annual growth in health care spending will be just two-tenths of 1 percentage point higher through 2019 with Obama's remake, said the analysis. And that's with more than 32 million uninsured gaining coverage because of the new law."
"For advocates of the law, the numbers show that expanding coverage to 93 percent of eligible Americans comes at a relative bargain price. Moreover, if Congress sticks to cost controls in the legislation, there's potential beyond 2020 to rein in the growth of health care spending. The new projections show a slowdown starting around 2018."
"The White House released its own analysis of the report, calculating that total health care spending per insured person would be more than $1,000 lower under the law.
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."
