Medicare Trustees Cast Doubt on ObamaCare Health Savings
- Matt Cover - CNSNews.com
- May 13, 2011
(CNSNews.com) – The 2011 annual report from the Medicare Board of Trustees casts doubt on the ability of the ObamaCare health reform law to achieve significant health care costs reductions, stating it is “very uncertain” whether the sweeping reform will succeed in reducing health care costs.
The report, released Friday, said that an improved financial outlook reported for Medicare depended on the ability of ObamaCare’s cost-savings experiments to bear fruit – an outcome the Trustees found unlikely.
The Trustees said that Medicare expenditures were scheduled to rise from 3.6 percent of GDP in 2010 to 5.6 percent in 2035 and to 6.2 percent in 2085, if ObamaCare’s reforms fully pan out. If they do not, Medicare could account for as much as 10.4 percent of GDP by 2080.
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