ObamaCare Flatlines: CMS Confirms Health Care Spending Will Increase

In reference to the previous Washington D.C. Update identifying that "CMS Study Shows Health Care Law Increases Costs $311 Billion In 10 Years,"  below are additional figures and points from the CMS Study on the impact of the new ObamaCare law. Let's pray for strength and unity for We The People to stop this nationalized health care mess before too many people really do flatline because of the Democrats destroying the best Medical system in the world:

“And it [the health reform plan] will slow the growth of health care costs for our families, our businesses, and our government.” -- President Obama, September 10, 2009

The Centers for Medicare and Medicaid Services (CMS) released a new analysis of ObamaCare, confirming that our nation’s health care costs will increase rather than decrease under ObamaCare and violating a pledge President Obama made to the nation on September 10, 2009.  CMS concluded:

-- National health care expenditures will increase by $311 billion.

-- Health care increases to 21% of GDP by 2019.

-- ObamaCare spends more than $828 billion for health care coverage.  (CMS didn’t analyze all the tax increases, such as HSAs, FSAs, increasing the AGI threshold, etc.)

-- The government will spend $410 billion to expand Medicaid.

-- Medicaid enrollment increases by 20 million new beneficiaries.

-- 18 million people will be uninsured (excluding 5 million illegal immigrants).

-- Uninsured and those employers who don’t offer coverage will pay $120 billion in taxes.

-- 50% of seniors will lose their Medicare Advantage plans.

-- Some of the Medicare cost-control mechanisms may not be sustainable.

-- Community Living Assistance Services and Supports (CLASS) will run a deficit in 15 years.

-- The $5 billion for High Risk Pools is not enough.

-- Doctors may drop out of Medicare because of the changes in Medicare reimbursement rates.

-- Medicare “savings” may be difficult to achieve.

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Tags: CMS, ObamaCare, health care law, increased costs,higher premiums,  damage to medical community, senors, doctors, reimbursement rates, Medicare, Medicare Advantage, illegal immigrants, illegal aliens, community living assistance programs,   To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!