New healthcare reform law could lead to higher prices, employers dropping coverage

Bob Cusak, The Hill

A new government report from Rick Foster, the chief actuary of the Centers for Medicare and Medicaid Services (CMS), finds that President Barack Obama’s new healthcare reform law would cost $828 billion over the next decade while saving $577 billion.

Foster notes that CMS’s projections do not take into account changes to the tax code that have been enacted. The Congressional Budget Office (CBO) reported that over the next 10 years, the healthcare package would decrease the deficit.

The CMS analysis, provided to The Hill on Thursday, concludes that the healthcare overhaul will reduce the number of the nation’s uninsured from 57 million to 23 million.

 However, the report raises several warnings about the impact of healthcare reform.

Foster states, “The additional demand for health services could be difficult to meet initially with existing health resources and could lead to price increases, cost shifting, and/or changes in providers’ willingness to treat patients with low-reimbursement health coverage.”

To read more, visit: http://thehill.com/homenews/administration/93947-govt-report-new-health-law-could-lead-to-higher-prices-employers-dropping-coverage</a

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