Gov't report: health cost relief only temporary

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) -- The nation's been enjoying a respite from rising health care costs, but government experts say don't look for it to last.

Health care spending will grow faster than the economy for the foreseeable future, says a report Tuesday from Medicare's nonpartisan economic analysts.

President Barack Obama's health care overhaul will add $478 billion in spending from 2011-2021, the period covered by the projections. Some 30 million uninsured people will get coverage.

But the cost problem will not go away even if the Supreme Court overturns Obama's law.

By 2021, health care spending will be growing roughly 2 percentage points faster than the overall economy, about the same rate as the last 30 years. And that means hard choices ahead for government programs and private insurance.

(COPYRIGHT 2011 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


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  • by SAM Location: Grand Junction on Jun 12, 2012 at 03:24 PM
    All Obama Care did was raise the already outrageous cost of health care. If the "cost" of health care is not addressed, making people pay for insurance and making insurance companies cover everyone with health care insurance is not going to make health care affordable to anyone. What good is the greatest health care in the world, if no one can afford it?
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