History has repeatedly shown that the costs of many government healthcare programs far exceed early projections.
Sentiment: NEGATIVE
I know the exploding cost of health care is at the root of our long-term fiscal challenges.
Healthcare costs are rising, and not just Medicare and Medicaid, but healthcare in general.
Soaring prescription drug costs have placed a tremendous strain on family budgets. They have also imposed a heavy burden on employers - both public and private - who are struggling to provide affordable health insurance coverage to their workers.
I understand that in these difficult economic times, the potential for any additional expense is not welcomed by American businesses. But in the long run, the health insurance reform law promises to cut health-care costs for U.S. businesses, not expand them.
You can look at that by comparing Medicare's growth rates to the private insurance world, to the other Federal programs that we run, by looking at the billions of dollars, not millions but billions of dollars, we waste every year.
But if you - if what - the reports are true, what they're saying is, is that as a consequence of us getting 30 million additional people health care, at the margins that's going to increase our costs, we knew that.
Under Obamacare, it virtually is impossible to find out the price of anything. That's not the way to make health care affordable.
The high price of health care in this country is a serious issue that demands serious attention. Putting limits on damages have little or no effect on skyrocketing malpractice insurance rates.
Health care costs are an issue both for the government and for our larger economy.
Many health care providers, particularly physicians in rural and urban areas, are leaving the Government programs because of inadequate reimbursement rates.
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