New numbers, no surprise: Affordable Care Act anything but affordable

posted at 9:50 am on July 28, 2011 by Tina Korbe

We already knew this, but, today, the Centers for Medicare and Medicaid released a 10-year forecast that confirms it: National health spending will grow at a rate faster than it would have if Obamacare had not passed. The Washington Times reports:

Total spending is projected to grow annually by 5.8 percent under Mr. Obama’s Affordable Care Act, according to a 10-year forecast by the Centers for Medicare and Medicaid Services released Thursday. Without the ACA, spending would grow at a slightly slower rate of 5.7 percent annually. …

The federal government is projected to spend 20 percent more onMedicaid, while spending on private health insurance is expected to rise by 9.4 percent. …

“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 health care costs worse,” said Sen. Orrin G. Hatch, Utah Republican and ranking member of the Senate Finance Committee.

The White House responded to the report in a blog post, spinning the report to emphasize, “National Health Expenditures Reach Historic Low.” White House Deputy Chief of Staff Nancy deParle writes:

But the report doesn’t tell the whole story.

The Affordable Care Act creates changes to the health care system that typically don’t show up on an accounting table. We know these new provisions will save money for the health care system, even if today’s report doesn’t credit these strategies with reducing costs.

The report comes just as the legal challenges to the ACA reach the Supreme Court. At the same time, ads from RepealItNow.com report the drive for congressional signatures on a petition for repeal continues to be successful. In the ads, a congenial Mike Huckabee says the coalition needs the signatures of just four senators to make repeal possible. (Maybe those same four senators could revive Republican hopes of Cut, Cap and Balance!) That’s a stretch, of course — the best strategy for repeal remains to capture the Senate and White House in 2012 (and as much as I don’t want to admit it, that’s the best strategy for Cut, Cap and Balance, too). But the point is, grassroots organizations continue to bring the heat, even as health care reform seems to have fallen off the radar in debt and deficit discussions and in national news media, in general. This new report only provides more fodder for their efforts.

Obviously, that doesn’t mean the report is good news. Rising health costs affect us all and, frankly, seem especially daunting in light of our present economic outlook. So, as someone who has accepted that entitlement programs won’t carry me through retirement or future health problems, I find it helpful to remember that the best approach to health care to keep personal costs down, at least, is to attend to the basics — you know, right diet, regular exercise and ample sleep. Easier said than done, of course, but still worth attempting.

 


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don’t look now, but the UK is starting to ration surgeries even further. link over at drudge….off to work for me.

ted c on July 28, 2011 at 9:52 AM

All of the past brave Americans that have sacrificed their lives and fortunes for this country would reek in horror at the actions of the slimy political scum who currently control this government . . . one must seriously ask if this country, in its current state, is even worth saving.

rplat on July 28, 2011 at 9:53 AM

But…But…But…I get to keep my doctor and current insurance coverage if I want to, Right?

dirtseller on July 28, 2011 at 9:54 AM

I also heard recently that the unemployment rate edged past 8.8%, the level at which the stimucrap was supposed to halt it.

Wow, it’s almost as if the moronic dolt in the White House doesn’t know anything about economics.

Bishop on July 28, 2011 at 9:54 AM

DOTUS!

PappyD61 on July 28, 2011 at 9:56 AM

Send those jobs to the death panel, they won’t be missed.

Think haw many doctors will be needed. Now that the UK has joined in the rationing of surgeries, look how much money we save.

Our over-crowded earth doesn’t need the people anyway.

tarpon on July 28, 2011 at 9:56 AM

Without the ACA, spending would grow at a slightly slower rate of 5.7 percent annually. …
The federal government is projected to spend 20 percent more on Medicaid

Oh, Obamacare bent the cost curve alright.

Weight of Glory on July 28, 2011 at 9:56 AM

another nail in the collective coffin.

rob verdi on July 28, 2011 at 9:58 AM

So, as someone who has accepted that entitlement programs won’t carry me through retirement or future health problems,

A word to the wise: If you have a pension, a 401(K), or any type of savings account, don’t plan on receiving any sort of social security or medicare. The ultimate solution to the problem will be means testing, which means that only people who wasted all of their income will receive a benefit.

Vashta.Nerada on July 28, 2011 at 9:59 AM

Like in Canada….are you listening, DR? Like in Canada, we’ll soon be saying…the secret to Obamacare is……..DON’T GET SICK!!!

capejasmine on July 28, 2011 at 9:59 AM

This is why the Tea Party is so firm on their stance for CCB. It’s because all the political solutions aren’t really solutions at all. I know everyone in D.C. is playing the “long game” but there is no long game anymore. 20% more on Medicaid! We can’t afford it now! Think about how in the red we are right now. Now make it worse by 20% I bet that would wipe out whatever savings we think we’re getting with Boehner’s plan. And yet…we’ll just keep pretending that there’s a long game to all this. Shame on us.

Weight of Glory on July 28, 2011 at 10:01 AM

Saw you on Fox last night. You did well.

taney71 on July 28, 2011 at 10:02 AM

So, in effect, Obama has already gotten the tax increase he’s looking for in Obamacare.

rlyle on July 28, 2011 at 10:04 AM

We know these new provisions will save money for the health care system, even if today’s report doesn’t credit these strategies with reducing costs.

 
“Socialism hasn’t worked before because it was always the wrong folks in charge.”
 
- President Barack H. Obama

rogerb on July 28, 2011 at 10:06 AM

Yep, it doesn’t tell the whole story. I wonder what the increases would have been with tort reform and insurance sales across state lines? And those are just the simple fixes.

Cindy Munford on July 28, 2011 at 10:13 AM

This is why we need SINGLE PAYER!!!!eleventy1111

RedRedRice on July 28, 2011 at 10:18 AM

We know these new provisions will save money for the health care system, even if today’s report doesn’t credit these strategies with reducing costs.

Are you clairvoyant or something? You just “know it” because what? Did it come to you in a dream or maybe a fortune cookie?

We have plenty of actual PROOF you don’t know much of anything at all.

Except you’re mighty keen on socialism.

dogsoldier on July 28, 2011 at 10:21 AM

In other news, water is wet, fire is hot, ice is cold,….

Steve Eggleston on July 28, 2011 at 10:26 AM

This is why we need SINGLE PAYER!!!!eleventy1111

RedRedRice on July 28, 2011 at 10:18 AM

Exactly. Obamacare is obviously doomed. The Left will blame the evil “corporations” for it’s failure. Their only solution? Why, more government command and control.

Every other western country is moving Right, including Leftist Utopias like Sweden. Only the US is lurching Left, doubling down on failure. Future generations & poor folks hardest hit. Sad.

visions on July 28, 2011 at 10:26 AM

the best strategy for repeal remains to capture the Senate and White House in 2012 (and as much as I don’t want to admit it, that’s the best strategy for Cut, Cap and Balance, too).

Unfortunately, we will get our hopes up, and then this won’t happen because we will need 60 conservative votes in the Senate to pass any of this. The Dems and RINOs will block this.

mydh12 on July 28, 2011 at 11:04 AM

Count it!

/crr6

fossten on July 28, 2011 at 11:21 AM

If I *facedesk* any more I dent my head.

Yakko77 on July 28, 2011 at 11:25 AM

This is Obambi’s debt reduction plan…

People die sooner, thus;

– Healthcare costs plummet.
– Social Security is easily paid as fewer people collect.
– Tax revenues from Inheritance/Death tax increase (no more drawn out last years of living to drain the savings of the elderly).

Awesome!

Geministorm on July 28, 2011 at 11:29 AM

Remind us, one more time, who voted for this piece of crap legislation?

Is it the same bunch of weasels, who are now threatening to withhold Seniors and Veterans paychecks?

I’ve got MY pitchfork out.. How ’bout you?

franksalterego on July 28, 2011 at 12:13 PM

I get a laugh from the ads the progs have running this month, the ‘what were you thinking’ ad blitz. They are whining about $100B being cut from some health programs. Yet when little Bammie and the democratics cut $500B from Medicare to fund Obamacare last year, there was not a peep.

It’s all crap but it probably will work.

slickwillie2001 on July 28, 2011 at 1:03 PM