Government actuaries for Medicare and Medicaid have released a bombshell report confirming almost everything Republicans said about the downside of passing Obamacre health care reform. 14 million Americans will lose employer-based health care coverage. The health care cost curve will be bent up, not down, $389 billion 10 years. 18 million Americans will be forced into Medicaid and 15% of all Medicare providing doctors will become unprofitable as a result of Obamacare's payment reductions. A separate report this week from the CBO found 4 million Americans will pay $1000 in penalties annually. Obamacare is a disaster of biblical proportions to the American health care system.
Government Releases New Numbers on Obamacare Showing Costs Will Skyrocket (video)
Hat tip Gateway Pundit.