Sunday, March 14, 2010

If Health Care Reform Fails

A nice reminder from the NY Times: If Reform Fails - NYTimes.com
WHAT ABOUT THE DEFICIT?: Republican critics of health care reform have done an especially good job of frightening Americans with their talk of bankrupting the Treasury. The truth of the matter is that the pending reform legislation has been designed to generate enough revenue and savings to more than offset the substantial cost of expanding Medicaid and providing subsidies to the middle class.

The Congressional Budget Office estimated that the Senate bill would reduce deficits over the first 10 years by $132 billion and even more in the second decade.

What critics certainly do not talk about is what happens to the deficit if Medicare costs continue their relentless rise. That is something that should keep Americans up at night.

4 comments:

Kevin Scheunemann said...

Save money?

Really?

At a 7.5%+ fraud rate (CBO says it may be more) on current government run health care programs...you see savings by seizure of this section of economy by Washington
DC bureaucrats?

Is 7.5%+ fraud rate a good job when private sector fraud rate is less than 1%?

Sounds more like national health care religion than thought out economic science.

DanBack said...

There you go again Kevin dispensing economic advice! Laughable!

Free Lunch said...

Kevin, you made two claims. What is the source for each?

Kevin Scheunemann said...

Free Lunch-

CBO (Congressional Budget Office)

Dan,

On health care, I'm not dispensing econimic advice, I'm battling big government, Cuban style, health care religion.

That should make you feel better.