CBO Report: Medicare Cost-saving Programs Fall Short

By:  Brian Koenig
01/23/2012
       
CBO Report: Medicare Cost-saving Programs Fall Short

President Obama, along with the Democratic-led Senate and formerly Democratic-led House, touted the 2010 healthcare overhaul as a landmark law that would curb the rise in U.S. healthcare costs. However, according to a new report released last week by the Congressional Budget Office (CBO), reform programs akin to those endorsed by ObamaCare have neither abated healthcare costs nor salvaged any significant amount of government revenue.

 

President Obama, along with the Democratic-led Senate and formerly Democratic-led House, touted the 2010 healthcare overhaul as a landmark law that would curb the rise in U.S. healthcare costs. However, according to a new report released last week by the Congressional Budget Office (CBO), reform programs akin to those endorsed by ObamaCare have neither abated healthcare costs nor salvaged any significant amount of government revenue.

In 2010, economist Peter R. Orszag and bioethicist Ezekiel J. Emanuel purported how ObamaCare’s reform measures would "accomplish" the fiscal pledge of these programs:

[The law's] pilot programs involving bundled payments will provide physicians and hospitals with incentives to coordinate care for patients with chronic illnesses: keeping these patients healthy and preventing hospitalizations will be financially advantageous…. And the secretary of health and human services (HHS) is empowered to expand successful pilot programs without the need for additional legislation.

Adding to Orszag’s and Emanuel’s ambitious claim that ObamaCare would reduce costs and curtail government spending, physician and journalist Atul Gawande wrote in a December 2009 article:

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