Of the health care bill (HR 3590), Peter Suderman writes:

Just days after President Obama first took office, Peter Orszag, in his new role as director of the Office of Management and Budget (OMB) … declared that “the single most important thing we can do to improve the long-term fiscal health of our nation is slow the growth rate in health care costs.” Reversing course on those projected costs, he said, “is the key to our fiscal future.” …

But there is now growing agreement that even under the rosiest assumptions, health care costs will continue to expand beyond the bounds of the budget, and that despite—or perhaps because of—the new health care law, the long-term fiscal problem remains. Even Orszag was forced to concede that, at the end of his tenure, “we remain on an unsustainable fiscal course.” …

Suderman explains that neither raising taxes or borrowing more (!) money are not realistic options. The last option, reducing health care costs, also looks improbable:

ObamaCare just doesn’t contain costs. Not according to the Congressional Budget Office. Not according to Medicare’s chief actuary. Not according to the International Monetary Fund.

Read the whole article: Growing Pains – ObamaCare won’t stop rising health care costs.