1/26/11, "Medicare official doubts health care law savings," AP, Ricardo Alonso-Zaldiver
"Two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled, Medicare's independent economic expert
- told Congress on Wednesday.
The landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.
Foster's assessment came a day after Obama in his State of the Union message told lawmakers that he's open to improvements in the law,
- but unwilling to rehash the health care debate of the past two years."...
(continuing): "Republicans want to repeal the landmark legislation that provides coverage to more than 30 million people now uninsured, but lack the votes."...
- ('Lack the votes?' We can all agree they lack Obama's vote. How does the AP writer know they lack the votes in the Senate? ed.)
(continuing): "Foster was asked by Rep. Tom McClintock, R-Calif., for a simple true or false response on two of the main assertions made by supporters of the law: that it will bring down unsustainable medical costs and will let people keep their current health insurance if they like it.
- On the costs issue, "I would say false, more so than true," Foster responded.
- As for people getting to keep their coverage, "not true in all cases."
Foster was a thorn in the side to the administration throughout the health care debate, doubting that Medicare cuts would prove to be politically sustainable and raising other questions.
- An equal opportunity skeptic, he was also a bane to the George W. Bush administration
during the debate that led to creation of the Medicare prescription drug benefit in 2003. Obama White House officials dispute his analysis and predict that he will be proven wrong about the health care law. Republicans hang on his every word."...
- ('Republicans hang on his every word'? We the people out here are the ones that hang on his every word, although if you can add 2+2 it's obvious this 'plan' can't work. Members of congress are not affected by ObamaCare-they have a separate health plan. ed.)
(continuing): "The comments Wednesday were unusually direct because Foster generally delivers his analysis in complicated technical memos.
- Foster says analysis by his office shows that the health care law will raise the nation's health care tab modestly because
newly insured people will be getting medical services they would have otherwise gone without.
Costs could also increase if Medicare cuts to hospitals, nursing homes and home health agencies turn out to be politically unsustainable over the years. The actuary's office has projected those cuts
- would eventually force about 15 percent of providers into the red.
The health care law funnels savings from the Medicare cuts
- to provide coverage to uninsured workers and their families.
- have to find other coverage,
- cutting enrollment in the plans by about half.
The health care law gradually cuts generous government payments to the plans,
- so insurers are expected to raise premiums or even drop out.
And the main reason seniors have flocked to the private plans is that they offer lower out-of-pocket costs.
Medicare recipients who lose private coverage would still be guaranteed coverage in the traditional program, but they would likely have to take out a
- supplementary insurance plan for gaps in their coverage."
via Drudge Report
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