Do Current Health Care Reform Proposals Control Costs?
from ChamberPost Blog
by Blair Latoff President Obama has noted many times -- and correctly -- that we must get health care costs under control. So how do the current reform proposals do in this regard? Let's have a look: CMS Actuary Report: "In aggregate, we estimate that for calendar year 2010 through 2019, NHE would increase by $234 billion , or 0.7 percent, over the updated baseline projection that was released on June 29, 2009." (CMS Actuary Report, Estimated Financial Effects of the "Patient Protection and Affordable Care Act of 2009," as Proposed by the Senate Majority Leader on November 18, 2009, P. 14, 12/10/09) Scott Davis, CEO, UPS: "What it won’t do is fundamentally alter a system in which medical costs routinely outpace inflation, hurting U.S. competitiveness, said Scott Davis, CEO at UPS, the world’s largest package shipper with 340,000 U.S. workers. ‘Cost control ought to be at the base of any health-care reform, and I’m not sure it’s there,’ Davis said in an interview from his Atlanta headquarters." (Bloomberg, ‘Disaster’ Health Plan Breaks Obama Cost-Cut Vow in CEOs’ View, 12/14/09)...







