CBO raises cost estimate for health rules.

CBO raises cost estimate for health rules, sparking political reaction The Associated Press: ‘President Barack Obama’s new health care law could potentially add at least $115 billion more to government health care spending over another 10 years, tuesday congressional budget referees said,’ to beyond $1 trillion big difference . ‘The Congressional Budget Workplace said the added spending contains $10 billion to $20 billion in administrative costs to federal firms undertaking the law, and also $34 billion for community health centers and $39 billion for Indian health care’ .

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CBO Director Orszag says wellness IT holds promise, but no panacea for healthcare costs Health it could improve health care quality, but it is not the cure-all solution to lowering U.S. Health care costs, Congressional Budget Workplace Director Peter Orszag said at a discussion board on Friday, CQ HealthBeat reports. The forum was hosted by the Alliance for Health Reform and the Robert Real wood Johnson Foundation. Orszag said that while a recently available RAND study figured broad adoption of health IT could lead to annual savings around $80 billion, the results were based on studies ‘demonstrating positive effects’ of the technology and the study projects ‘potential’ not ‘most likely’ savings.

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