SALT LAKE CITY – Sen. Orrin Hatch, ranking member of the Senate Finance Committee, Monday said a report from the Centers for Medicare and Medicaid on national health spending trends for 2012 confirms ObamaCare has not played a role in reducing health care costs in America.
This report shows that the Administration’s promise that ObamaCare would rein in the skyrocketing health care costs is false. The reality is that our weak economy, coupled with millions of Americans getting kicked off of their health insurance, has led to a dip in national health care costs. But this doesn’t take into account the soaring premiums and higher deductibles that are about to hit the pocketbooks of hard-working families or ObamaCare’s unprecedented Medicaid expansion that will cripple state budgets. This report shouldn’t be a cause for celebration, but rather is a precursor to higher costs and more broken promises.
Today’s report specifically stated: “The Affordable Care Act, which was enacted in March 2010, had a minimal impact on overall national health spending growth through 2012.”
In the September 2013, the Centers for Medicare and Medicaid released a report saying the Affordable Care Act will actually increase health care costs moving forward.
Submitted by the Office of Sen. Orrin Hatch