Senator Tom Coburn, is releasing a report that shows that government projects are always more expensive than they are projected to be.
Mr. Coburn’s report, which used government agency figures, said Medicaid costs increased 31,212.5 percent in just 46 years — and that’s before taking into account the upcoming expansion of eligibility under Obamacare. The number of people enrolled in the program increased 1,290 percent over the same time period.
Meanwhile, costs for veterans’ health care increased 4,500 percent over the past 50 years.
The Senate voted Tuesday afternoon to move forward on a bill that would open up Veteran’s Affairs care to more veterans, potentially leading to a longer wait for low-income and service-disabled veterans who use VA facilities now. Mr. Coburn said on the floor Tuesday that Congress should work to better regulate the current organization rather than adding more people to a flawed system with little oversight.
Mr. Coburn’s report said part of the increase in costs stems from expanding the scope of the programs. For example Medicare, which was started in 1965 to pay for hospital care and supplement medical insurance costs, now covers a wider range of services including dialysis and kidney transplants, the option to use private insurance plans and a voluntary prescription drug benefit program.
So what does this mean for the projected costs of Obamacare? It means it is quite likely that the Affordable Care Act is going to be far more expensive than it is supposed to be. In fact, the paper predicts that it “will actually increase spending by $2 trillion once the law is fully implemented.” The Democratic claims that Obamacare was actually going to reduce the deficit and reduce spending will be proven false.
This is another reason why Conservatives must take every opportunity to get the law repealed. If we don’t, then it will eventually become worse than even we fear. In other words, the problem is not only how bad the law is right now. The problem is that it will continue to get worse.