President Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.
A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million Americans to the coverage rolls.
But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs. It also warned that Medicare cuts may be unrealistic and unsustainable, driving about 15% of hospitals into the red and "possibly jeopardizing access" to care for seniors.
The mixed verdict for Obama's signature issue is the first comprehensive look by neutral experts.
Democrats wondered why there wasn't a post-Obamacare bounce in the polls. They all counted on it. It never came.
In the most recent national poll from Quinnipiac, 55% of all individuals polled and 59% of all Independents disapproved of the way the President was handling health care.
With this unambiguous, non-partisan and expert opinion, all those fears of what Obamacare have been legitimized. Rather than believing costs will go up, we now know costs will go up. That's a big difference.
With Obamacare, Democrats took ownership of America's health care system and all that goes right or wrong with it. And they're going to regret it in November.