From Kaiser Health News, a roundup of the big health care news from last week, “CMS Actuary: Health Reform Will Cover More People, Cost More Than Orginally Projected,” starting with a paragraph from AP:
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.
In an April 1 blog post at OMB, Office of Management and Budget Director Peter Orszag took strenuous issue with critics of the health care bill who argued it would not “bend the cost curve downward.” Excerpt:
[In] response to some of the recent skepticism, OMB’s staff went back through the document that the Congressional Budget Office released last June entitled “Health Care Reform and the Federal Budget.” In this analysis, CBO discussed the potential effects of health reform on Federal government expenditures, and identified policy options that could increase efficiency in the health care system.
If you look at the policy options CBO assessed as having the biggest potential for reducing long-term health care cost-growth, you will see that a vast majority of these proposals are, in some form, part of the historic health care reform legislation the President signed into law…
- Rep. John Kline (R-MN), “CMS Analysis Confirms Government Takeover of Health Care Will Increase Costs, Undermine Existing Coverage for Millions”
- Heritage Foundation, “Side Effects: It’s Official- Higher Health Care Costs“
- The Hill, “Government report: Health law could hike prices, make employers drop coverage “