I'm Not the Only One That Thinks The President's Bill Won't Cut Health Care Costs

People far smarter than I am don't think so either:

CBO expects the cost of the new entitlement spending aimed at coverage expansion in the Senate bill – the premium subsidies in the exchanges and the expansion of Medicaid -- to reach about $200 billion by 2019 and then grow at a rate of 8 percent every year thereafter. In other words, this new health entitlement spending is expected to escalate just as rapidly as Medicare and Medicaid have in the past. CBO does not expect the “delivery system reforms” in the Senate bill, which are mainly small initiatives and pilot programs, to amount to much of anything in terms of cost control.

Read the rest of the bad news at KaiserHealthNews.

And if I didn't say it enough yesterday, I'll say it again: President Obama thinks health care costs are the single greatest threat to our nation's balance sheet.

But nevermind that. Now the mantra is: "let's get it done."