HHS Chief Actuary Says Spending Will Go Up.
Any wonder why they spend so much time behind closed doors?
-“Total national health expenditures under this bill would increase by an estimated 2.7 percent in 2019…”
-“The additional demand for health services could be difficult to meet initially with existing health provider resources and could lead to price increases, cost-shifting, and/or changes in providers’ willingness to treat patients with low-reimbursement health coverage.”
-More than half of the expansion in coverage (18 million out of 34 million) would be from increased Medicaid coverage.
-12 million people would lose employer-sponsored coverage.
-The productivity adjustments to Medicare are “unrealistic” and providers “might end their participation” because the cuts would make serving Medicare beneficiaries unprofitable.
-Medicare Advantage enrollment would decrease by 64 percent (from a projected level of 13.2 million to 4.7 million under the proposal).
More if you care, and you damn well should.
http://biggovernment.com/author/capitolconfidential/
