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President Changes Tune on Health-Care Costs
How Shocking!!!
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President Changes Tune on Health-Care Costs
By Gerri Willis
Published September 13, 2010 | FOXBusiness
From day one of his administration, President Obama has said his plan to overhaul health care will bring rising costs down.
But as time passes since signing the new law, the White House, including the president himself is seemingly hemming and hawing on that.
A report from the U.S. Centers for Medicare and Medicaid services - or CMS - says health care spending will actually accelerate. The report says spending will rise annually more than 6%-reaching more than $4.5 trillion in 2019.
By 2019 - nearly 93% of Americans should have coverage. The increase in demand means nearly double the amount of money spent on health care - meaning the costs aren't going down - they're just shifting!
So now, the president is claiming he never said he expected to extend insurance coverage for free!
Maybe that's what you thought - but it's not what you said.
On March 3 he said: "my proposal would bring down the cost of health care for millions."
But on Friday, he changed his tune to "the goal is to slowly bring down costs."
So will it or won't it?
It's about time you got your stories straight for the American public, if you don't understand the new law - how are we supposed to?
But as November approaches I don't see anyone at 1600 Pennsylvania Avenue taking back the empty promises they made from the start.
Be sure to catch the Willis Report on the FOX Business Network every weekday from 5-6pm ET.
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URL
http://www.foxbusiness.com/personal-finance/2010/09/13/president-changes-tune-health-care-costs/
.
_________________________________________________________
President Changes Tune on Health-Care Costs
By Gerri Willis
Published September 13, 2010 | FOXBusiness
From day one of his administration, President Obama has said his plan to overhaul health care will bring rising costs down.
But as time passes since signing the new law, the White House, including the president himself is seemingly hemming and hawing on that.
A report from the U.S. Centers for Medicare and Medicaid services - or CMS - says health care spending will actually accelerate. The report says spending will rise annually more than 6%-reaching more than $4.5 trillion in 2019.
By 2019 - nearly 93% of Americans should have coverage. The increase in demand means nearly double the amount of money spent on health care - meaning the costs aren't going down - they're just shifting!
So now, the president is claiming he never said he expected to extend insurance coverage for free!
Maybe that's what you thought - but it's not what you said.
On March 3 he said: "my proposal would bring down the cost of health care for millions."
But on Friday, he changed his tune to "the goal is to slowly bring down costs."
So will it or won't it?
It's about time you got your stories straight for the American public, if you don't understand the new law - how are we supposed to?
But as November approaches I don't see anyone at 1600 Pennsylvania Avenue taking back the empty promises they made from the start.
Be sure to catch the Willis Report on the FOX Business Network every weekday from 5-6pm ET.
Print Close
URL
http://www.foxbusiness.com/personal-finance/2010/09/13/president-changes-tune-health-care-costs/
.
Here is a report from the CBO, they are the non partisan group responsible for crunching the numbers.
The Congress has recently approved major health care legislation in the form of two pieces of legislation: the Patient Protection and Affordable Care Act (PPACA, Public Law 111-148); and, following that, the Health Care and Education Reconciliation Act of 2010 (H.R. 4872), which made a number of changes to provisions of PPACA along with significant changes to the federal postsecondary education programs.
On March 20, 2010, CBO released its final cost estimate for the reconciliation act, which encompassed the effects of both pieces of legislation. Table 1 (on page 5) provides a broad summary and Table 2 offers a detailed breakdown of the budgetary effects of the two pieces of legislation. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting both pieces of legislation will produce a net reduction in federal deficits of $143 billion over the 2010-2019 period. About $124 billion of that savings stems from provisions dealing with health care and federal revenues; the other $19 billion results from the education provisions. Those figures do not include potential costs that would be funded through future appropriations (those are discussed on pages 10-11 of the cost estimate).
CBO and JCT estimate that by 2019, the two pieces of legislation combined will reduce the number of nonelderly people who are uninsured by about 32 million, leaving about 23 million nonelderly residents uninsured. Those findings are presented in Table 4, along with the budgetary effects of the various provisions related to health insurance coverage. Table 5 shows the budgetary impact of the health care provisions that are not related to health insurance coverage (primarily involving the Medicare program). The impact of revenue provisions is reported separately by JCT.
CBO also analyzed the effects on health insurance premiums of an earlier version of the legislation. A November analysis examines the expected impact on average premiums for health insurance in different markets. Although CBO and JCT have not updated those estimates, the effects of the enacted legislation are expected to be quite similar.
http://www.cbo.gov/publications/collections/health.cfm
The Congress has recently approved major health care legislation in the form of two pieces of legislation: the Patient Protection and Affordable Care Act (PPACA, Public Law 111-148); and, following that, the Health Care and Education Reconciliation Act of 2010 (H.R. 4872), which made a number of changes to provisions of PPACA along with significant changes to the federal postsecondary education programs.
On March 20, 2010, CBO released its final cost estimate for the reconciliation act, which encompassed the effects of both pieces of legislation. Table 1 (on page 5) provides a broad summary and Table 2 offers a detailed breakdown of the budgetary effects of the two pieces of legislation. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting both pieces of legislation will produce a net reduction in federal deficits of $143 billion over the 2010-2019 period. About $124 billion of that savings stems from provisions dealing with health care and federal revenues; the other $19 billion results from the education provisions. Those figures do not include potential costs that would be funded through future appropriations (those are discussed on pages 10-11 of the cost estimate).
CBO and JCT estimate that by 2019, the two pieces of legislation combined will reduce the number of nonelderly people who are uninsured by about 32 million, leaving about 23 million nonelderly residents uninsured. Those findings are presented in Table 4, along with the budgetary effects of the various provisions related to health insurance coverage. Table 5 shows the budgetary impact of the health care provisions that are not related to health insurance coverage (primarily involving the Medicare program). The impact of revenue provisions is reported separately by JCT.
CBO also analyzed the effects on health insurance premiums of an earlier version of the legislation. A November analysis examines the expected impact on average premiums for health insurance in different markets. Although CBO and JCT have not updated those estimates, the effects of the enacted legislation are expected to be quite similar.
http://www.cbo.gov/publications/collections/health.cfm
The report you posted is a biased report from Fox news who has every intention of spinning the truth against what the president said. This article, as usual is misleading and distorts the truth. The president did say it will when put into effect reduce the cost of health care. Common sense tells you how that would happen. The exchanges when put in place and everyone carrying insurance will support the program. The author also admits he does not understand the new law and if this is the case, how can he comment one way or the other. I know more about it than this auther does. Obviously he has an agenda?
Fox News made a campaign donation of a million dollars recently to the Republican Party. I think that pretty much sums up my case.
Fox News made a campaign donation of a million dollars recently to the Republican Party. I think that pretty much sums up my case.
I also would like to see health care reform just not what this bill. They need to rescind it and rewrite it.
There is a method offered in Europe for abdominal adhesions. But I can't get it here. And I can't afford to go to Europe.
I'd like to see the FDA use European and other advanced nations procedures into account when giving approval.
This health care bill is just way too expensive and is hurting small business owners. All preventative are prepaid whether or not they're used. Waste of money. And NO ONE has read this darn thing.
There is a method offered in Europe for abdominal adhesions. But I can't get it here. And I can't afford to go to Europe.
I'd like to see the FDA use European and other advanced nations procedures into account when giving approval.
This health care bill is just way too expensive and is hurting small business owners. All preventative are prepaid whether or not they're used. Waste of money. And NO ONE has read this darn thing.
Yes well not much has changed as to much of what was discussed except for increased costs and more mandatory insurance coverage. I still can't have some of the experimental treatments I have covered even though they are in worldwide controlled studies (and I could not tolerate known treatments, all this is clinically documented). As well my ability to obtain home attendant coverage to remain in the community (which is needed for my physical disability) has not been increased and there still is the chance without potentially costly appeals that I could end up in a nursing home so key provisions were not enacted and yes I am sure there are other people who are disappointed as well. I do however support health care reform as a concept but it should be supportive of Americans who need coverage not the insurance industry.
ha ha ha Sara he really doesnt know ...dont ask dont tell .......lol.
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