Originally Posted By: rex
Who will be paying for all of that?


 Originally Posted By: Matter-eater Man
The nonpartisan CBO says it will cut the deficit.


Federal Actuary Finds ObamaCare Bends Cost Curve Up

  • The chief actuary for the Centers for Medicare and Medicaid Services, a division of the Department of Health and Human Services, has released a report showing that the new national health care law will increase health care spending in the United States beyond already unsustainable levels.

    During the health care debate, President Obama argued that we couldn’t afford not to pass his brand of health care reform.

    CMS notes that, “Numerous studies have demonstrated that individuals and families with health insurance use more health services than otherwise-similar persons without insurance.” Thus, expanding coverage will mean greater usage of health care services.

    according to CMS, after the passage of ObamaCare, health care spending will eat more than one out of five dollars in the economy. Specifically, by 2019, health care spending is now projected to represent 21 percent of GDP, as opposed to an estimated 20.8 percent had the new law not passed. In dollar terms, that translates into $311 billion more in spending over the next decade.


Full report here.