William (aka Bill the Godfather)

William (aka Bill the Godfather)

Monday, April 09, 2012

Health-care law will add $340 billion to deficit, new study finds

President Obama’s landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a member of the board that oversees Medicare financing.

The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama appointed in 2010 as one of two public trustees for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.
Read the rest here.

1 comment:

gdelassu said...

Some background on this new "study."