The PJ Tatler

Medicare actuary debunks two core ObamaCare myths

Medicare’s actuary testified on the Hill today.  What he had to say will aid those who want to repeal ObamaCare, which includes the majority in the House and the majority of the American people.

Two of the central promises of President Barack Obama’s health care overhaul law are unlikely to be fulfilled, Medicare’s independent economic expert told Congress on Wednesday.

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…

Foster was asked by Rep. Tom McClintock, R-Calif., for a simple true or false response on two of the main assertions made by supporters of the law: that it will bring down unsustainable medical costs and will let people keep their current health insurance if they like it.

On the costs issue, “I would say false, more so than true,” Foster responded.

As for people getting to keep their coverage, “not true in all cases.”

We do big things, says the president.  True or not, the problem is, we don’t do them right.