|Published:||Jan 26, 2011 7:51 PM EST|
|Updated:||Jan 26, 2011 4:53 PM EST|
WASHINGTON (AP) - A leading expert on Medicare says two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled.
Medicare's independent economic expert told Congress on Wednesday that the landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it. Chief Actuary Richard Foster, whose office is responsible for independent long-range cost estimates, made the comments to the House Budget Committee.
Foster's assessment came a day after Obama in his State of the Union message told lawmakers that he's open to improvements in the law, but unwilling to rehash the health care debate of the past two years. Republicans want to repeal the landmark legislation.
(Copyright 2011 by The Associated Press. All Rights Reserved.)