Rising health care costs are expected to erase Maryland’s savings from health care reform; many will still be uninsured
Federal health care reform signed by President Obama this year is expected to save Maryland $829 million in 10 years, but those savings are expected to be wiped out by rising costs.
“I won’t sugarcoat it,” said Lt. Gov. Anthony Brown Monday in releasing a report on the impact of the health care changes. In a decade, “health expenditures in Maryland will exceed the $829 million in savings.”
The health care overhaul passed by Congress is also intended to reduce the ranks of the uninsured. Yet despite cutting the number of uninsured citizens in half, from 14% of Marylanders now to 7% in 2017, there will still be 415,000 uninsured Marylanders in seven years.
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1 comment:
Fuzzy math, for those who know the reference...a big scam on the people, for those who don't. I must wonder --- what socialist plan will Obama try to put in place to cover the millions who STILL won't have health insurance AFTER the health care laws kick in?? Maybe raise the tax rate on small businesses to 60%?? Hire MORE IRS agents to squeeze and threaten taxpayers? Raise income taxes on the previously (by his own promise) exempt (under $250,000 or whatever the most recent figure is)? Institute a national tax? He is quickly becoming boxed in with the unimaginable debt load he has created and since he is more intent (by his own statements) on SPENDING MORE rather than cutting anything, taxes are going up for everyone.
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