Analysis of the health care reform package signed into law by President Obama earlier this month reveals that more people will be covered than anticipated but also that the hoped for cost savings may not materialize:
Economic experts at the Health and Human Services Department concluded in a report issued Thursday that the health care remake will achieve Obama's aim of expanding health insurance -- adding 34 million to the coverage rolls.
But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, since Medicare cuts in the law may be unrealistic and unsustainable, the report warned.
For the full story, click here: Report Says Health Care Will Cover More, Cost More; AP/Yahoo News - April 22, 2010. For a copy of the HHS report, click here.
Related coverage:
Government Report: New Healthcare Reform Law Could Lead to Higher Prices, Employers Dropping Coverage; The Hill - April 22, 2010
Health Care Cost Increase Is Projected for New Law; The New York Times - April 26, 2010
ObamaCare Mulligan; The Wall Street Journal - April 26, 2010


