Health 'reform' has sent costs soaring By BETSY McCAUGHEY September 13, 2011
Overall job growth hit zero in August, but jobs in health care are growing steadily. That would be good news, except that growth in this industry is increasingly paid for by taxpayers or new federal borrowing. And despite the sales pitch to the contrary, the Obama health law is making things worse.
The actuaries at the Centers for Medicare and Medicaid Services now forecast health-care spending to reach 19.8 percent of GDP by 2020, up from 16.6 percent when President Obama took office. And half this spending (49 percent) will be by government.
