Obama Actuary: Dem Bill Increases Costs

Washington, DC – In another blow to Democrats’ push for a massive government takeover of the nation’s health care system, Ways and Means Ranking Member Dave Camp (R-MI) today released findings from a memo from the Obama Administration’s Chief Actuary for the Centers for Medicare and Medicaid Services (CMS), Richard Foster, that estimated the impact on national health expenditures under the House Democrats’ health care bill, H.R. 3200. The memo stated that health expenditures would significantly increase if the Democrat bill became law.

This new data contradicts President Obama’s oft-stated demand that health care reform would “slow the growth of health care costs for our families, our businesses, and our government.” The Obama Administration’s own health care experts confirm that H.R. 3200 will “bend the curve” in the wrong direction.