Medicare Actuary: Obamacare will triple the net growth rate of health care costs

Health Care, Recent News — By on August 10, 2011 at 9:50 AM

From the Apothecary blog over at Forbes.com:

The Office of the Actuary in the Centers for Medicare and Medicaid Services recently put out its annual projections of national health care spending. And, contrary to the President, the actuaries find that Obamacare will dramatically increase the near-term growth rate of health care costs. In 2014, the actuaries find that growth in the net cost of health insurance will increase by nearly 14 percent, compared to 3.5% if PPACA had never passed. The growth rate of private insurance premiums will rise to 9.4 percent, from 5.0 percent under prior law: an 88% increase. (Read more…)

 

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