They Said It: CBO Chief Admits Health Law Unsustainable

From a slide presentation by CBO Director Doug Elmendorf on Wednesday (emphasis mine):

Rising health costs will put tremendous pressure on the federal budget during the next few decades and beyond. In CBO’s judgment, the health legislation enacted earlier this year does not substantially diminish that pressure.

Putting the federal budget on a sustainable path would almost certainly require a significant reduction in the growth of federal health spending relative to current law (including this year’s health legislation).