Two of the major (purported) benefits of ObamaCare cited by its proponents are reduction of health care costs and increased availability of health insurance. Advocates also claim that we can achieve these two goals while saving tax-payer money.
As we recently noted, a study by Wellpoint put the lie to these assertions.
Now comes another report, this one from that noted mouthpiece for private insurers, the Centers for Medicare and Medicaid Services (CMS), which drives the nails even deeper into the coffin:
"With the exception of the proposed reductions in Medicare payment updates for institutional providers, the provisions of H.R. 3962 would not have a significant impact on future health care cost growth rates."
In fact, absent those hundreds of billions of dollars in Medicare cuts, the cost of health care actually increases under Obamacare. And that's based on historically low-ball gummint-touted numbers. The reality is likely to be far worse.
There's bad news about the much-touted "Public Option," as well:
"[P]ublic plan premiums would be roughly 4 percent higher than private as a result of antiselection by enrollees." [emphasis in original]
So much for the promise of lower health insurance costs.
But then, that's what we've been saying all along.
[Hat Tip: Politico]
As we recently noted, a study by Wellpoint put the lie to these assertions.
Now comes another report, this one from that noted mouthpiece for private insurers, the Centers for Medicare and Medicaid Services (CMS), which drives the nails even deeper into the coffin:
"With the exception of the proposed reductions in Medicare payment updates for institutional providers, the provisions of H.R. 3962 would not have a significant impact on future health care cost growth rates."
In fact, absent those hundreds of billions of dollars in Medicare cuts, the cost of health care actually increases under Obamacare. And that's based on historically low-ball gummint-touted numbers. The reality is likely to be far worse.
There's bad news about the much-touted "Public Option," as well:
"[P]ublic plan premiums would be roughly 4 percent higher than private as a result of antiselection by enrollees." [emphasis in original]
So much for the promise of lower health insurance costs.
But then, that's what we've been saying all along.
[Hat Tip: Politico]
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