Yeah, it really is going to cost more money than they told us
Thursday, May 20th, 2010I doubt if too many people in the know are surprised that the CBO has released a report showing that the new health reform law, the Patient Protection and Affordable Care Act, is going to cost at least $115 billion more over the next 10 years than they estimated before it was passed. So the total estimated cost is now well over $1 trillion, and I have no doubt that we’ll see real costs far exceed that.
In order to come up with numbers below $1 trillion when trying to pass the original bill, lawmakers also included a provision that would reduce payments who treat Medicare patients by 21 percent. Well, surprise surprise, there is now a bill being taken up in the House, the American Works, State and Business Relief Act of 2010, H.R. 4213, which would delay this payment reduction. Expect this payment reduction to be delayed, eventually, forever. (more…)
