Medicare Official Doubts Health Care Law Savings

The landmark legislation probably won’t hold costs down, and it won’t let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.

The landmark legislation probably won’t hold costs down, and it won’t let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. His office is responsible for independent long-range cost estimates.”
. . .
An equal opportunity skeptic, he was also a bane to the George W. Bush administration during the debate that led to creation of the Medicare prescription drug benefit in 2003. Obama White House officials dispute his analysis and predict that he will be proven wrong about the health care law.

Amazing. For some strange reason politicians think health insurance, the thousands of products and services, and the people who work there are somehow unaffected by supply and demand.

Here.

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