Obamacare will cost more and won’t keep prices down, says HHS report 

What? Insuring 30 million more people and larding up the insurance industry with even more regulation isn’t going to keep costs down? You mean to tell me they aren’t going to make deep Medicare cuts to save money? Say it ain’t so:

President Barack Obama’s health care overhaul law is getting a mixed verdict in the first comprehensive look by neutral experts: More Americans will be covered, but costs are also going up.

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.

It’s a worrisome assessment for Democrats.

No kidding.

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Mark Hemingway

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