Two physicians in the Senate have released a new report that says premiums and other healthcare costs will continue to rise under the new health reform law.
Two Senate docs say reform will raise costs
“Bad Medicine: A check-up on the new federal health law” was released by Sens. Tom Coburn (R-Okla.) and John Barrasso (R-Wyo.) to mark the 100 days since the enactment of the law.
“Americans remain anxious about how it will impact them and their families. Unfortunately, when measured against the administration's own stated goals, the new health law fails to address the top healthcare concerns of the American people,” according to the report.
Many of the new taxes in the new health reform law will be passed on directly to consumers, according to the report, which cited the Joint Committee on Taxation. In addition, 16 million Americans will be forced into Medicaid, “a program that denies care and yields lower health outcomes for patients and for which there are minimal physicians to deliver care,” the report said.
The law will increase the cost of healthcare, the senators said. The report highlighted a memo from the Office of the CMS Actuary that predicted medical device and drug fees and the health insurance excise tax will be passed on to health consumers in the form of higher drug and device prices and higher insurance premiums, “with an associated increase in overall national health expenditures.”
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