Analysis finds healthcare overhaul will increase spending
Despite promises that the healthcare overhaul will cut health spending, recent analysis shows that it may in fact increase healthcare costs.
The Washington Times reports that the Centers for Medicare and Medicaid Services found that over the next 10 years with President Barack Obama’s Affordable Care Act, health spending will grow 5.8 percent annually. However, if the Act had not passed, annual spending for healthcare would increase 5.7 percent, according to the centers.
Senator Orrin G. Hatch (R-Utah) said that the forecast shows that the healthcare overhaul was an unwise piece of legislation.
“Simply put, this report states the obvious, that Americans have known for more than a year — the $2.6 trillion law only makes the fundamental problem of skyrocketing healthcare costs worse,” he said.
Officials with the centers said that part of the reason for increased costs is that the percentage of the population that will be insured will increase.
Special To Personal Liberty You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to firstname.lastname@example.org by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.
Join the Discussion:
View Comments to “Analysis finds healthcare overhaul will increase spending”
Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.
Is there news related to personal liberty happening in your area? Contact us at email@example.com