GAO Report: Obamacare Adds $6.2 Trillion to Deficit

Any Democrat with a ounce of brains should be pushing away from this nightmare. This one bill will result in the Democratic party being relegated to insignificance as a failed socialist experiment. Democrats will be lucky to not be beaten in the streets.

Effect on Long-Term Federal Budget Outlook Largely Depends on Whether Cost Containment Sustained

Our long-term federal budget simulations have shown federal debt as a
share of gross domestic product (GDP) continuously increasing over the
long term, which indicates that the budget is on an unsustainable path.

Our fiscal simulations and projections by the Congressional Budget Office
(CBO) and others have shown that the key drivers of the federal
government's long-term fiscal imbalance on the spending side are rising
health care costs and the aging of the population.

Even assuming 0 percent excess cost growth after 2022, debt held by the
public rises steeply in the Alternative simulation, reaching more than 100
percent of GDP (or the size of the total economy) by 2025, and continuing
to grow at a rapid rate thereafter. This demonstrates that significant policy
changes beyond those designed to control health care cost growth would
need to be taken in the near term to put federal debt on a more
sustainable path.

www.gao.gov

Looks like we could use a few more Senators like Jeff Sessions who is willing to ask the questions Democrats don't want to know the answers to.

Pan - looks to me they are suggesting universal health care. That is how insurance pools work. Size does matter when controlling costs.
#14 | POSTED BY PROLIX247

Medicare and medicaid are pools of considerable size and I don't see any cost containment there? No one doubts this is designed to end in single payer and that will increase medical inflation like all government subsidized programs.

it would capture people at a vulnerable age and increase the size of the pool. And with insurance size matters.
#14 | POSTED BY PROLIX247

We already gave that one away by letting them stay on their parents policy till they are 26 and making the insurance companies pick up the tab.

#16 | POSTED BY CHIEFTUTMOSES

What are you babbling about? CHIEF thinks it's free if he doesn't pay for it.

Which is exactly why Obama proposed health care reform and exactly what Obamacare is intended to address.

Healthcare Costs Continue to Rise
Posted on:January 10, 2013
www.bridgehealthmedical.com

U.S. HEALTH CARE COSTS
Health expenditures in the United States neared $2.6 trillion in 2010, over ten times the $256 billion spent in 1980. [1] The rate of growth in recent years has slowed relative to the late 1990s and early 2000s, but is still expected to grow faster than national income over the foreseeable future.[2] Addressing this growing burden continues to be a major policy priority. F

www.kaiseredu.org

James DeGerome: Health care costs continue to spiral
ACA taxes on medical supplies and pharmaceuticals add markedly to consumer cost. Also, consider that the "individual mandate" in Massachusetts (an integral part of ACA) has led to massive health care overutilization and concomitant cost increase.
articles.sun-sentinel.com

How's that lowering Health care cost thing working for you?