Healthcare law will add $340B to deficit, study finds

President Obama's landmark healthcare initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation's budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing. The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the healthcare law will reduce deficits by raising taxes and cutting payments to Medicare providers.