$86.2 MILLION DOLLARS & Health Care Law Gives 'Notable Improvement' To Debt Outlook If Implemented: GAO Report 15NOV10

THE insurance companies have $200 million to spend on fighting health care reform and to get the law repealed. Imagine the health care they could have provided with that money! Shows where their priorities are.....Check out the interactive map to find out how health care reform is benefiting your state and the GAO report on reforms deficit reduction benefit.

$86.2 Million

Posted by Stephanie Cutter on November 17, 2010 at 01:12 PM EST

Today, Bloomberg News reported that big insurance companies – companies like UnitedHealth Group Inc. and Cigna Corp – spent $86.2 million to fight health insurance reform in 2009.  Insurance companies and their allies were desperate to preserve their ability to discriminate against you if you had a preexisting condition, drop your care when you got sick and limit the amount of care you could receive in a year or a lifetime.
Thankfully, they didn’t succeed, but some folks still want to take us back to the bad old days when insurance companies had all the power and doctors and patients took a back seat. In fact, the New York Times recently reported that since the law was passed, opponents of reform spent $108 million on negative television advertisements about the law. And these powerful interests may spend millions more opposing reform in the future.
Millions of Americans are already benefitting from the law.  Americans like Dawn Josephson of Florida, whose child finally received comprehensive health insurance coverage, even though he had a pre-existing condition and Jennifer Restemayer of North Dakota, whose daughter Allison was diagnosed with a rare disease. Jennifer feared hear daughter would hit her lifetime benefit cap until reform made those benefit caps illegal. You can read their stories and many more by visiting our 50 States/50 Stories map on WhiteHouse.gov/HealthReform.
Some may be willing to spend millions to take us backwards, but we will continue to move forward by fighting for Americans like Dawn and Jennifer and delivering the benefits of reform to the American people.
Stephanie Cutter is Assistant to the President for Special Projects

Health Care Law Gives 'Notable Improvement' To Debt Outlook If Implemented: GAO Report

A new non-partisan report finds that the cumulative effects of President Obama's health care reform package would be beneficial for the government's efforts at debt reduction if the law is implemented fully.
The U.S. Government Accountability Office put out a report on Monday afternoon that provides some welcome news for defenders of the Affordable Care Act and, perhaps, a bit of pause for those eager to overturn or de-fund the legislation. The debt is an increasingly dire crisis, the investigative arm of Congress found. But one thing alleviating the problem, though by no means eliminating it, is the health care reform package passed this past spring.

The federal government faces long-term fiscal pressures that predate the economic downturn and are driven on the spending side largely by rising health care costs and an aging population. GAO's simulations show continually increasing levels of debt that are unsustainable over the long-term. Under the Alternative simulation, debt held by the public as a share of GDP would exceed the historical high reached in the aftermath of World War II by 2020. Both of these simulations incorporate effects of health care legislation enacted in March 2010, which includes a number of provisions to control the growth of federal health care spending. There is a notable improvement in the long-term outlook under the Baseline Extended simulation, which assumes full implementation and effectiveness of cost control provisions.

(Emphasis is ours)
The report goes on to air skepticism from Social Security Trustees, the Congressional Budget Office and the CMS (Centers for Medicare and Medicaid Services) Actuary that those cost control provisions will be put in place or, for that matter, that they will be "sustainable" over time. But that is a problem that reform advocates would argue is worth having. Better to tinker with the cost control mechanisms, after all, then to have to restructure an entire bill because it failed to control costs in the first place.
It's also worth noting that the GAO was fairly judicious with how they calculated its projections. It was assumed, for instance, that Congress would pass some form of a "doc-fix" in which Medicare physician payment rates were adjusted to "grow with inflation." The GAO also took into account the federal spending for the Children's Health Insurance Program (CHIP) and subsidies for the newly created health insurance exchanges.
Even with these costs assumed, the overall grade for health care reform is a positive one, even if the country's fiscal future is deemed dour.
"These long-term simulations show that absent additional policy actions the federal government faces unsustainable growth in debt," the GAO reports. "Health care legislation enacted earlier this year has the potential to slow the growth of federal health care spending. However, even under the more optimistic Baseline Extended scenario, which assumes the full implementation and effectiveness of cost control provisions, debt grows continuously over the long term indicating that more needs to be done."

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HERE IS THE GAO'S REPORT:

GAOhealthcare