WASHINGTON -- The nation's health care tab will go up -- not down -- as a result of President Barack Obama's sweeping overhaul. That's the conclusion of a government forecast released Thursday, which also finds the increase will be modest.
The average annual growth in health care spending will be just two-tenths of 1 percentage point higher through 2019 with Obama's remake, said the analysis. And that's with more than 32 million uninsured gaining coverage because of the new law.
"The impact is moderate," said economist Andrea Sisko of Medicare's Office of the Actuary, the nonpartisan unit that prepared the report.
Factoring in the law, Americans will spend an average of $13,652 per person a year on health care in 2019, according to the actuary's office. Without the law, the corresponding number would be $13,387.
That works out to $265 more with the overhaul. Currently, Americans spend $8,389 a year per person on health care. - FOX News Story
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