Promised ObamaCare savings likely illusory, CBO says

Promised ObamaCare savings likely illusory, CBO says

February 6th, 2012 in Opinion Free Press

Two areas where the ObamaCare medical reform law is supposed to save Americans money on health care spending are improving coordination of care for chronically ill patients and rewarding physicians for providing a higher quality of care rather than just a higher volume.

Both ideas sound reasonable. Unfortunately, fine-sounding theories don't always pan out.

That's what the nonpartisan Congressional Budget Office discovered when it studied efforts to apply these two allegedly cost-cutting approaches to medical care.

The CBO found that both methods generally failed to reduce spending.

In fact, in some cases, trying to save money by improving the coordination of care for the chronically ill actually backfired: Because of the additional cost of monitoring patients, spending increased rather than decreased.

Despite those failures, ObamaCare is also providing $6 million to scores of so-called "innovation advisers" to come up with still more ways supposedly to cut health care spending.

Do you think that will work?