The director of the Congressional Budget Office issued a warning to Democrats Thursday that their health care proposals would raise costs, not lower them.
One day after a Senate panel approved its version of the health care reform plan, the first committee to do so, CBO Director Doug Elmendorf gave a dose of bad medicine to a separate committee.
Asked by Senate Finance Committee Chairman Kent Conrad, D-N.D., whether costs would be lowered — also known as “bending the curve” — Elmendorf responded: “The curve is being raised.”
Subsidies to help uninsured people would raise federal health care spending, which is already growing at an unsustainable rate, Elmendorf explained at the hearing. The Medicare and Medicaid cuts that lawmakers have offered to pay for the coverage expansion aren’t big enough to offset the cost trend, particularly in the long term, he said. Read More
Like I have said, the truth is coming out and the American people should keep speaking out against tax increases and losing their private insurance!