Thursday, June 3, 2010

But, But They Said it Would Cut Costs - CBO Presentation of Healthcare Costs

Since we had to pass the bill to find out what was in it, we also had to wait for the true costs and implications from the CBO as well.  Here is a presentation made by CBO Director.  It is says that costs will go up and access and quality will go down; Shocker!!

Thanks Barry!!

H/T to Pundit and Pundette


According to a survey by Towers Watson, a human resources consulting firm, 88% of companies plan to pass on increased health-care benefit costs to employees, 74% plan to reduce benefits, and up to 12% will drop all coverage for employees. Retirees won't fare well either: 43% of employers that now provide retiree medical benefits are likely to reduce or eliminate them thanks to the new health legislation.

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