GOP Sez: Prove It!!

Republicans are beginning to attack the financial regulatory reform bill by attacking the Democrats pitching it as simply not believable.

“Just think about some of the things Americans have been told,” Senate Minority Leader Mitch McConnell, R-Kentucky, said on Thursday. “As a senator, the current President railed against deficits and debt. He said America has a debt problem and that it was a failure of leadership not to address it. Yet last year his administration released a budget that doubles the debt in five years and triples it in 10. The debt has increased over $2 trillion since he took office. And in February, the federal government ran the largest monthly deficit in history.”

“There’s a lot of skepticism” among the American people about what Washington is promising these days, a senior GOP leadership aide tells ABC News.

The most recent exhibit in this prosecution in the court of public opinion: analyses of the new health care reform law from the Medicare Actuaries at the Department of Health and Human Services. The studies, issued Thursday night, conclude that the law will mean 34 million Americans currently uninsured will be covered.

But the report by Richard Foster, chief actuary for the Centers for Medicare and Medicaid Services, forecasts a rocky and uncertain path to that end.

Increased demand for services from so many new patients is expected to tax “existing providers resources and could lead to price increases, cost-shifting, and/or changes in providers’ willingness to treat patients with low-reimbursement health coverage.” And provisions in the law meant to get federal health spending into the black would be “outweighed by the increased costs” until beyond 2020.

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