FOXNews.com - Report: Health Overhaul Will Increase Nation's Tab

Shocked!  Shocked I tell you!! 

 

FOXNews.com - Report: Health Overhaul Will Increase Nation's Tab

Associated Press

A report by economic experts at the Health and Human Services Department said the new health care law will expand insurance but won't reduce runaway costs

AP

Mar. 30: President Barack Obama shakes hands after signing the Health Care and Education Reconciliation Act in Alexandria, Va.

WASHINGTON -- President Barack Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.

A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance -- adding 34 million Americans to the coverage rolls.

But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, however, since the report also warned that Medicare cuts in the law may be unrealistic and unsustainable, forcing lawmakers to roll them back.