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Are health care cost estimates that terrible?

Reps. Jerry Moran, R-Hays, and Todd Tiahrt, R-Goddard, both blasted the health care reform law over a new cost analysis by the Centers for Medicare  and Medicaid Services. It estimated that total health care spending, public and private, would increase by $311 billion between 2010 and 2019. "It is extremely disappointing that this fiscally irresponsible plan was pushed into law," said Moran. Tiahrt said: "We have known all along that Obamacare is a budget-busting disaster that will require higher taxes and rationed care." But the increase is less than 1 percent above what the spending would have been without reform, according to the study, and the increase is projected to disappear as cost-saving measures phase in. That caused Ezra Klein of the Washington Post to write: "The basic question here is whether covering 34 million Americans is worth adding a percentage point or two more to our health care spending for a couple of years, at which point total spending should actually fall below what it would've been if this bill had never passed."

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