The president of Bowdoin College, Barry Mills, whose wife, Karen Mills, was appointed by President Obama as the administrator of the Small Business Administration, writes an article about the effects of the health care legislation on his educational institution:
the complexity of all this has increased exponentially with the new health care law recently enacted, and our costs are going to go up....
The fact is that wherever you come out on the policy of health care reform, Bowdoin's costs for health care are going up because we are taking on greater expense. This will obviously affect the College because we will have to pay for these increased costs with existing revenues, reallocating funds from some other priority to health care.
No one knows for sure whether the new law will actually result in lower health care costs by reducing the underlying cost of health care in this country. Many are skeptical that costs will moderate based on the current law, and I am among the skeptics.