The report acknowledged that some of the cost-control measures in the bill - Medicare cuts, a tax on high-cost insurance and a commission to seek ongoing Medicare savings - could help reduce the rate of cost increases beyond 2020. But it held out little hope for progress in the first decade.
"During 2010-2019, however, these effects would be outweighed by the increased costs associated with the expansions of health insurance coverage," wrote Richard S. Foster, Medicare's chief actuary. "Also, the longer-term viability of the Medicare ... reductions is doubtful." Foster's office is responsible for long-range costs estimates.
http://hosted.ap.org/dynamic/stories/U/US_HEALTH_CARE_LAW_COSTS?SITE=WSAW&SECTION=HOME&TEMPLATE=DEFAULTObama's promise this bill will improve the cost situation won't be true for his entire possible tenure in office. Basically this increases costs to subsidize people so most if us should expect increased costs. The only point of this bill is redistribution which may be a good policy but not the one we were sold. Michael Moore said himself that it does hardly anything to prevent recission and that wellpoints policy of kicking women with cancer off their insurance won't be affected except they will pay a fine smaller than the cost of providing care.
It's a joke.