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Health Care Costs to Rise
April 23, 2010
In a report released yesterday by the Health and Human Services Department, it has been concluded that Obamacare will cause health care costs to rise. According to the AP:
The report projected that Medicare cuts could drive about 15 percent of hospitals and other institutional providers into the red, "possibly jeopardizing access" to care for seniors.
As the report's grand finale:
In another flashing yellow light, the report warned that a new voluntary long-term care insurance program created under the law faces "a very serious risk" of insolvency.
Wow. The program will increase costs, ration care, and is ultimately unsustainable. If only there had been somebody, somewhere, who could have seen this coming. I'll try to contain my shock.
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