This Wednesday CBO Director Doug Elmendorf gave a slide presentation on Capitol Hill titled: Health Costs and the Federal Budget. Elemendorf’s very first slide reads:
Rising health costs will put tremendous pressure on the federal budget during the next few decades and beyond. In CBO’s judgment, the health legislation enacted earlier this year does not substantially diminish that pressure.
The presentation concludes:
Putting the federal budget on a sustainable path would almost certainly require a significant reduction in the growth of federal health spending relative to current law (including this year’s health legislation).
In other words, our nation’s budget is on an unsustainable path and Obamacare did nothing to change that.