Health Care Law Will Not Reduce Costs

Worth Clicking: Blasts from the past wound Romney

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September 09, 2010

Health Care Law Will Not Reduce Costs

The health-care reform law enacted last spring won't significantly change national health spending over the next decade compared with projections before the law was passed, the Wall Street Journal reports.

The report casts fresh doubt on Democrats' argument that the health-care law would curb the sharp increase in costs over the long term. In fact, insurance companies have proposed rate increases ranging from 1% to 9% nationwide that they attribute specifically to new health-law coverage mandates.

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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September 09, 2010