Obamacare Will Raise Healthcare Costs

Now they tell us. Where was all this reporting when the news might have made a difference?

President Barack Obama's health care overhaul law will increase the nation's health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.

A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million Americans to the coverage rolls.

But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs. It also warned that Medicare cuts may be unrealistic and unsustainable, driving about 15 percent of hospitals into the red and "possibly jeopardizing access" to care for seniors.

Read it all. The news only gets worse and worse.

More on this and related topics here.

MATT WELCH: There He Goes Again. “Now that the world is belatedly waking up to the fact that President Obama lied his face off about the fiscal impacts of health care reform, maybe it’s an appropriate time to point out that he’s lying his face off about financial reform as well.”

Related: Now They Tell Us — Sebelius: We Don’t Know What ObamaCare Costs Will Be.