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ObamaCare...... Another Big Government Lie?

Medicare official doubts promised savings in new health care law

Two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled, Medicare's independent economic expert told Congress on Wednesday.

The landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.

Foster's assessment came a day after Obama in his State of the Union message told lawmakers that he's open to improvements in the law, but unwilling to rehash the health care debate of the past two years. Republicans want to repeal the landmark legislation that provides coverage to more than 30 million people now uninsured, but they lack the votes.

Foster was asked by Rep. Tom McClintock, R-Calif., for a simple true-or-false response on two of the main assertions made by supporters of the law: that it will bring down unsustainable medical costs and will let people keep their current health insurance if they like it.

On the costs issue, "I would say false, moreso than true," Foster responded.

As for people getting to keep their coverage, "not true in all cases."

The comments Wednesday were unusually direct because Foster generally delivers his analysis in complicated technical memos.

The White House responded to Foster's testimony in a blog post by Stephanie Cutter, a top aide helping to guide the political strategy on health care. "Once again, we disagree," Cutter wrote. "History shows that it is possible to implement measures that will save money for Medicare and the federal government."

Foster was a thorn in the side to the administration throughout the health care debate, doubting that Medicare cuts would prove to be politically sustainable and raising other questions. An equal-opportunity skeptic, he was also a bane to the George W. Bush administration during the debate that led to creation of the Medicare prescription drug benefit in 2003.

Obama White House officials predict that Foster will be proven wrong about the health care law. Republicans hang on his every word.

Foster said analysis by his office shows that the health care law will raise the nation's health care tab modestly because newly insured people will be getting medical services they would have otherwise gone without.

Costs could also increase if Medicare cuts to hospitals, nursing homes and home health agencies turn out to be politically unsustainable over the years.

The actuary's office has projected those cuts would eventually force about 15 percent of providers into the red. The health care law funnels savings from the Medicare cuts to provide coverage to uninsured workers and their families.

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Answer Question
 
grlygrlz2

Asked by grlygrlz2 at 2:41 PM on Jan. 27, 2011 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (12)
  • How is the American Affordability Act, Affordable?
    grlygrlz2

    Comment by grlygrlz2 (original poster) at 2:42 PM on Jan. 27, 2011

  • Wait, are you seriously saying "Obama" and asking about a lie in the same sentence? YES! If it came from his administration, it's a lie, or a sham. He has no knowledge that would credibly help anyone, but himself.
    Anonymous

    Answer by Anonymous at 2:48 PM on Jan. 27, 2011

  • – collapse
    YOU PEOPLE are pitiful.
    Anonymous

    Answer by Anonymous at 2:51 PM on Jan. 27, 2011 (hidden) + expand

  • Anon...it's not US who are pitiful, it's the guy YOU elected to hold your hand, while you hold his!! LOL :o)

    LoriKeet

    Answer by LoriKeet at 2:54 PM on Jan. 27, 2011

  • LOL Yes, As I stated in another answer. Yes, It's all a lie. Obama flat out LIED! If he didn't lie, then he sure is stupid.
    itsmesteph11

    Answer by itsmesteph11 at 2:58 PM on Jan. 27, 2011

  • So Anon, how would you counter this information? Oh wait, you wouldn't because you can't
    itsmesteph11

    Answer by itsmesteph11 at 3:00 PM on Jan. 27, 2011

  • LOL Here is another one the libs can't refute!!! I bet we'll get a lot of answers here! LMAO
    goodwitch399

    Answer by goodwitch399 at 3:19 PM on Jan. 27, 2011

  • Yeah, very true! There it is, in black and white. They'll figure out some spin on it, no doubt. Or, they'll post anon. LOL.
    cbk_mom3

    Answer by cbk_mom3 at 3:53 PM on Jan. 27, 2011

  • I only pray we can stop this 2000 page bungle before it truly takes hold.
    sopranomommy

    Answer by sopranomommy at 6:03 PM on Jan. 27, 2011

  • LOL at the collapsed anon. That is the perfect example of the blind follower.

    He hasn't said anything sensible people didn't already know.
    Carpy

    Answer by Carpy at 6:38 PM on Jan. 27, 2011

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