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Health care spending in America will soar from $2.6 trillion in 2010 to $4.54 trillion by 2020, with nearly half of all spending for health to be made by government by 2020, according to a new national study by the peer-reviewed health policy journal Health Affairs.
Meanwhile, the Centers for Medicare and Medicaid Services (CMS) in a 10-year forecast limited solely to ObamaCare provisions sheepishly admitted July 28 that health spending would grow at a slightly slower rate if we didn’t have the Affordable Care Act (ACA). Supporters call ObamaCare the Affordable Care Act. But it likely will be affordable in the same way Michelle Obama’s vacations with family and friends to Spain and South Africa have been affordable—on the taxpayer’s dime.
Total spending for ObamaCare is projected to grow each year by 5.8 percent, according to the forecast released by CMS July 28. If ObamaCare didn’t exist, spending would rise at a slightly slower rate—5.7 percent, CMS said.
But defending ObamaCare, much like Davy Crockett at the Alamo, was White House Health Czar Nancy-Ann DeParle. She was quoted as saying: “The Affordable Care Act creates changes in 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 cost.” This was rather like calling the CMS actuary a big fibber.
The Health Affairs journal said, “During this period [from now until 2020] we expect that the Affordable Care Act of 2010 will reduce the number of uninsured people by nearly 30 million, lead to prescription drugs and physician services accounting for a greater share of health spending than would have been the case otherwise, and contribute to an increase in the government-sponsored [federal, state, and local] share of health spending to just under 50 percent by 2020.”
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