Senate Republicans sent out an interesting email that pulls together information from government agencies and media sources that shows most of the president’s promises on controlling health care costs for families and employers to be an illusion.
From the CMS:
PROMISE: “…it will slow the growth of health care costs for our families, our businesses, and our government.” (President Obama, 9/9/09)
REALITY: “The combined effects of the Affordable Care Act’s coverage expansions, faster economic growth, and population aging are expected to fuel health spending growth this year and thereafter (5.6 percent in 2014 and 6.0 percent per year for 2015–23).” (Office of the Chief Actuary for the Centers for Medicare and Medicaid Services, “National Health Expenditure Projections, 2013-23”, Health Affairs, October 2014)
The significance is that health care costs had been rising at only a 4% clip since 2008. Experts say this is mostly due to the recession, but growth in the earlier part of the decade was also slowed compared to the previous two decades. The administration is trying to spin the numbers to make us believe that Obamacare is slowing the rate of growth in health care spending, but numerous other factors are actually at work.