President Obama has made many promises about his signature health care plan, but one of the simplest was an assurance that it would lower national health care spending and save every family thousands of dollars.
For example, in May 2009 he hailed “comprehensive health care reform — so that we can do what I pledged to do as a candidate and save a typical family an average of $2,500 on their health care costs in the coming years.”
But now government actuaries have reached a different conclusion, finding that ObamaCare will actually increase health care spending by $621 billion over the next 10 years.
Doug Holtz-Eakin, the former head of the Congressional Budget Office, says, “now we’re seeing the official scorekeepers of health spending say ‘hey it’s going up, not down.’ That’s going to be a mark against the program no matter what.”
Jim Capretta of the Ethics and Public Policy Center says the actuaries “made it very clear in their projections that the health care law did not bend the cost curve down. It bent it up,” he says, adding, “there will be increase in national health spending associated with the implementation of the health care law.”
Analysts say there is no mystery about the increasing costs — that it’s all in the way the law was structured.
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