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	<title>Big Government &#187; employer converage</title>
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		<title>HHS Chief Actuary on ObamaCare: Total Health Care Spending Will Go Up, Not Down</title>
		<link>http://biggovernment.com/capitolconfidential/2009/10/23/hhs-chief-actuary-on-obamacare-total-health-care-spending-will-go-up-not-down/</link>
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		<pubDate>Fri, 23 Oct 2009 20:31:49 +0000</pubDate>
		<dc:creator>Capitol Confidential</dc:creator>
				<category><![CDATA[Exclusives]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[actuary]]></category>
		<category><![CDATA[Centers for Medicare and Medicaid Services]]></category>
		<category><![CDATA[employer converage]]></category>
		<category><![CDATA[health care spending]]></category>
		<category><![CDATA[HHS]]></category>
		<category><![CDATA[Medicare Advantage]]></category>
		<category><![CDATA[ObamaCare]]></category>
		<category><![CDATA[Richard Foster]]></category>
		<category><![CDATA[uninsured]]></category>

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		<description><![CDATA[Richard Foster, Chief Actuary for the Department of Health and Human Services&#8217; Centers for Medicare and Medicaid Services, released this week to several Congressional offices a financial analysis of HR 3200, the House version of ObamaCare. He reached some inconvenient conclusions for President Obama and Congressional Leadership:
-“Total national health expenditures under this bill would increase [...]]]></description>
			<content:encoded><![CDATA[<p>Richard Foster, Chief Actuary for the Department of Health and Human Services&#8217; Centers for Medicare and Medicaid Services, released this week to several Congressional offices a financial analysis of HR 3200, the House version of ObamaCare. He reached some inconvenient conclusions for President Obama and Congressional Leadership:</p>
<blockquote><p><span style="color: #000000;">-“Total national health expenditures under this bill would increase by an estimated 2.7 percent in 2019…” </span></p>
<p><span style="color: #000000;"> </span><span style="color: #000000;">-“The additional demand for health services could be difficult to meet initially with existing health provider resources and could lead to price increases, cost-shifting, and/or changes in providers’ willingness to treat patients with low-reimbursement health coverage.”</span></p></blockquote>
<blockquote><p>-More than half of the expansion in coverage (18 million out of 34 million) would be from increased Medicaid coverage.</p>
<p>-12 million people would lose employer-sponsored coverage.</p>
<p>-The productivity adjustments to Medicare are “unrealistic” and providers “might end their participation” because the cuts would make serving Medicare beneficiaries unprofitable.</p>
<p>-Medicare Advantage enrollment would decrease by 64 percent (from a projected level of 13.2 million to 4.7 million under the proposal).</p></blockquote>
<p><span style="color: #000000;">As of today, HHS still hadn&#8217;t published the analysis on their website, even though it was written by its own staff. We have a feeling it may never find a home there. So, we&#8217;ve brought it to you directly. Full financial analysis below. </span><span style="color: #000000;"> </span></p>
<p> </p>
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<span style="font-size: xx-small;"><a href="http://www.docstoc.com/docs/13620474/CMS OACT - Memo on Financial Impact of H R  3200 09-10-21">CMS OACT &#8211; Memo on Financial Impact of H R 3200 09-10-21</a> &#8211; </span></p>
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