Tuesday, January 12, 2010

Bending the cost curve, UP. Again.

From Opinion Journal: "$222 billion, ho hum"

Among the astonishing things about the ObamaCare debate-or lack thereof-is that Washington is inundated with warnings about the destructiveness of this plan, and it doesn't matter. The agency that runs Medicare rung the latest alarm bell on Friday, and good luck finding any media mention.

Richard Foster, the chief actuary for the Centers for Medicare and Medicaid Services, reports that under his analysis national health spending will rise under the bills by $222 billion over the next 10 years. In other words, ObamaCare really does "bend the cost curve"---up.
My theory is that America is tired of hearing about this legislation and has already internalized the bad news coming:

The latest Rasmussen Reports national telephone survey shows that just 17% believe passage of the legislation will achieve the stated goal of reducing health care costs. Fifty-seven percent (57%) think it will lead to higher costs.

Fifty-two percent (52%) also believe passage of the legislation will lead to a decline in the quality of care.
It's a national Stockholm syndrome. Please let it end.

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