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Surprise: Obamacare Increases Overall Health Costs by Nearly $500 Billion

Let’s recall three of the oft-repeated pledges upon which Obamacare was sold: (1) Lower premiums. False. (2) “If you like your plan, you can keep your plan.” False. (3) The law will bend the cost curve down, reforming the “unsustainable” status quo. For the second time since passsage, false:

A new government actuarial study finds that as a result of the law, health care spending will be $478 billion higher over the next decade than it would have otherwise been had no law been passed. Furthermore, as a result of the health care law, about 50 cents of every dollar of health care spending in the United States will be financed by government by 2021, according to the report from the actuary’s office at the Centers for Medicare and Medicaid Services, unveiled today in the journal Health Affairs.

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