Washington, D.C. - Less that a month after the President signed the new health care law, the Administration's own analysis proves the President and Capitol Hill Democrats have been misleading Americans on what's really in this law. Among the most glaring findings in the Centers for Medicare and Medicaid Services (CMS) analysis, 7,000,000 seniors will lose their current Medicare coverage (including up to one million Texans) and health care costs will increase by $311 billion eating up to 21% of our Gross Domestic Product in the first ten years.
 
"This report confirm the fears of the majority of Americans: they will pay more for health care and lose the plans they like," said Congressman Kevin Brady (R-Texas), a member of the House Ways and Means Committee. "Regardless of how much our seniors may like their Medicare Advantage plans, roughly half won't be able to keep them."
 
Other CMS findings include: While 18 million will remain uninsured, some 20 million Americans will simply be added to Medicaid at a cost to states of $410 billion. The Community Living Assistance Services and Supports program (CLASS) will run a deficit in just 15 years. The $5 billion for High Risk Pools set aside to cover people with pre-existing conditions, such as chronic illnesses, is a not enough to handle the need. The uninsured and employers who don’t offer coverage will pay $120 billion in new taxes. Some of the Medicare cost-control mechanisms may not be sustainable and the so-called Medicare savings used to make the law seem deficit neutral may be difficult to achieve as doctors leave the program over reductions in Medicare reimbursement.
 
"This report is just another glaring example of why Washington Democrats should not have rushed through this terrible law," concluded Brady