Report: Health overhaul will increase nation’s tab

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Government economic forecasters say President Obama’s healthcare overhaul will increase the nation’s healthcare tab instead of bringing costs down.

The report by economic experts at the Department of Health and Human Services, released late Thursday, says the healthcare remake will achieve Obama’s aim of expanding coverage.

But the report says that the law falls short of the president’s twin goal of controlling runaway costs. And it warns that Medicare cuts may be unrealistic and unsustainable.

The first comprehensive look at the health care law by neutral experts amounts to a mixed report card for Obama’s top priority during his first year in office.

-- Associated Press