Health Care Spending Growing : ObamaCare Taxes Growing

I wonder how the Affordable Care Act (ACA) will crush the American family and that the children of this family will not have health care at all, as they probably won't live long enough to need health care. The life span of the average individual will decline dramatically as health care becomes a waiting game, waiting to see if you live or die at the whim of the death panel. 

ObamaCare is designed to level the playing field in health care so everyone that has good care now will not have it later so no one will be any better off then anyone else. This just feels like the right thing to do. After all, it really is all just about the elites  feeling good about themselves that's important. Don't feel bad that you don't have good care for your kids, feel good that no one else has good care as well. Security in numbers.

Hey really, don't worry about what you had before in health care, enjoy the life that you have now because life is short and going to get shorter as ObamaCare takes over all of our lives.

Is this possible?  Ask someone that voted for Mr Obama. I'm sure they will have a good answer explaining all the new taxes to cover the 30 million new patients on the program that don't work now and no intention of ever working.

WOW - all this and more coming down the road - what a good deal - vote for more progressive Democrats so we all can enjoy dependency and poverty. It just can't get any better then this.

U.S. Health Care Spending Growth Continues at Slow Pace
January 21, 2013
Source: Thomas Miller and Catherine Griffin, "U.S. National Health Care Spending Continues Trend of Slow Growth," American Enterprise Institute, January 9, 2013.

According to the latest article on health spending by the actuarial team at the Centers for Medicare and Medicaid Services (CMS), U.S. health spending is increasing at a slow and steady rate, say Thomas Miller and Catherine Griffin of the American Enterprise Institute.

• Compared with long term trends of substantial growth, health spending increased at an annual rate of 3.9 percent in 2011.
• The year 2010 marked the lowest rate of annualized personal expenditures on health care since the National Health Expenditure Accounts statistics were first calculated in 1960.
• Growth in Medicaid spending also grew slowly due to the overall economy, reduced federal funding and shrinking state budgets.

One trend that has remained steady throughout the economic downturn is a decrease in the share of out-of-pocket spending relative to national health spending as a whole. For more than 50 years, with only a couple of exceptions, this percentage has dropped nearly 10 percent. The CMS predicts that out-of-pocket spending will continue to fall as the Affordable Care Act (ACA) is implemented, reaching a low of 9.4 percent by 2021.

Miller and Griffin say that in the future, increasing demand for Medicaid coverage under the ACA will result in a decrease in coverage as available funds run dry. They wonder if the nation's health care providers will be able to meet the increasing demand for subsidized care that pays lower rates when the major mandates of the ACA begin in 2014.

• Slow growth rates in health spending can likely be attributed to an anemic economic recovery.
• Increases in taxes, deficits, spending and regulation are unlikely to aid an already struggling health care system.
• Supporting job growth, encouraging private health coverage, rewarding capital formation and increasing the payoffs for risky innovations might encourage spending and ease pressure on America's health infrastructure.