clock menu more-arrow no yes

Filed under:

Health-care law will add $340 billion to deficit, new study finds

President Barack Obama enters his fourth year in office as the Supreme Court prepares to hear arguments as to whether the massive health-care law he supported violates the Constitution. The ultimate decision will affect the future of government in Washing
President Barack Obama enters his fourth year in office as the Supreme Court prepares to hear arguments as to whether the massive health-care law he supported violates the Constitution. The ultimate decision will affect the future of government in Washington.

Our take: With the US debt rising, the newest heath-care law will add $340 billion to the total.

President Obamas landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nations budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.

The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.

Read more on the new health-care law and its affects on the national debt on the Washington Post.