Tuesday, May 17, 2011

Medicare Trustees: ObamaCare will not lower costs

Barack Obama on December 15,2009:

"We agree on reforms that will finally reduce the costs of health care.  Families will save on their premiums; businesses that will see their costs rise if we do nothing will save money now and in the future.  This plan will strengthen Medicare and extend the life of that program.  And because it gets rid of the waste and inefficiencies in our health care system, this will be the largest deficit reduction plan in over a decade."

The Medicare Board of Trustees on May 13, 2011:

The 2011 annual report from the Medicare Board of Trustees casts doubt on the ability of the ObamaCare health reform law to achieve significant health care costs a reduction, stating it is "very uncertain" whether the sweeping reform will succeed in reducing health care costs.

The report, released Friday, said that an improved financial outlook reported for Medicare depended on the ability of ObamaCare's cost-savings experiments to bear fruit – an outcome the Trustees found unlikely.


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