Wednesday, May 19, 2010

Health Care Reform Costs Are Out Of Control

The heat on the Obama Administration and Congressional leadership over the cost of health care reform is not expected to ease anytime soon, with the release last week of additional information from the Congressional Budget Office on the Patient Protection and Affordable Care Act. The updated analysis shows the cost of the new law could easily exceed $1 trillion because of possible discretionary spending of at least $115 billion over the 2010-2019 period.(

The number of states now challenging the new law in court stands at 20, and the states have been joined in the suit by the National Federation of Independent Business. Also last week, the Milliman Medical Index for 2010 was released, and it contains more worrisome news -- health care costs continue to rise at an unsustainable rate. The report found that costs increased $1,303 for the typical family of four in the past year and now stand at $18,074. (

If health care reform goes forward, brace for a depression. That's my prediction.

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