YID With LID: New CBO Blow to Obamacare-->Plan Will Increase Medicare Drug Costs 20%

YID With LID: New CBO Blow to Obamacare-->Plan Will Increase Medicare Drug Costs 20%: "Douglas Elmendorf head of the Congressional Budget Office (CBO) better watch out, if he keeps on giving honest analysis, Charlie Rangel may call him a racist, or maybe someone from MoveON will bite his finger off.


The CBO had already put three darts in the Bull called HR 3200 (AKA the Obamcare bill), when they first came up with the costs, and then when they said that holding down medicare costs would only save a total of $2 Billion of the plans estimated $1.6 Trillion costs, then there was the CBO revelation that preventative medicine would increase rather than reduce health care costs.

Last Friday, Elmendorf sent a letter to the House Ways and Means Committee in response to a question by the committee's ranking Republican Dave Camp (full letter at the end of this post). The question was about the change in Medicare Part D premiums that would result from certain provisions contained in title I in division B of the Obamacare bill.

The answer was not good for the bill's supporters. Enrollees in the Medicare prescription drug programme (known as Part D) would see their premiums rise about 5% in 2011 and this increase would reach about 20% by 2019, according director of the Congressional Budget Office (CBO)."