Sunday, April 25, 2010

New Report on Healthcare

A new report, issued by the Department of Health and Human Services Office of the Actuary, dealing with the estimated financial effects of the Patient Protection and Affordable Care Act as Amended (AKA HCR) has some pretty scary findings.

The report states:
  • National Health care Expenditures will increase by $311 Billion under HCR
  • Health care increases to 21% of GDP by 2019
  • HCR actually spends more than $828 billion
  • 18 million people will still be uninsured
  • The uninsured as well as businesses that do not offer insurance will pay $120 billion in new taxes
  • 50% of seniors will lose their Medicare Advantage Plans
  • Docs will not accept Medicare due to changes to reimbursement rates

I guess the only defense for something like this is that, despite what they say, there is no way most of the Congress men and women read this monstrosity. They probably didn't know it actually did what many had stated early on (especially those protesters that actually read the bill.)

The only bipartisanship in this bill was found in its opposition. The Democratic majority barely forced this bill through without a single Republican vote.

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