Healthcare costs to go up under Obamacare

President Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.

A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million Americans to the coverage rolls.

But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs. It also warned that Medicare cuts may be unrealistic and unsustainable, driving about 15% of hospitals into the red and "possibly jeopardizing access" to care for seniors.

http://www.usatoday.com/news/washington/2010-04-22-health-care-costs_N.htm

This is not a report from some crazy wackadoos.

This is a report by economic experts at the Health and Human Services Department.

Of course, they didn't release the report until well after the legislation was enacted.