A Congressional Budget Office report looking at a 10 year time horizon concludes that Obama-care will likely increase not decrease health care costs but beyond 10 years there might be “modest savings.” You’ve gotta love White House Budget Director Peter Orszag’s response:
“The point of the proposal…was never to generate savings over
the next decade. … Instead, the goal is to provide a mechanism for
improving quality of care for beneficiaries and reducing costs over the long term…”
So apparently for the Obama administration 10 years out is the short run. What does that say for the stimulus package?
