YID with Lid: Dept. of Health and Human Services Report, Obamacare Will Cause Health Costs to RISE

"President Obama has said it over and over, health care reform was needed reduce the cost of health care and to bring federal spending under control. Not so fast Mr President. Richard Foster, the chief actuary at the Centers for Medicare and Medicaid, a division of the Department of the Health and Human Services just released a study predicting overall spending on health care would rise by a total of $298 billion dollars over the next decade as a result of the House health care bill passed last Saturday. Additionally billions of dollars in projected savings contained in the measure will be difficult to maintain."