Friday, August 21, 2009

The Health Care Cost Saving Myth

Please read the entire article... it is well written with solid arguments.

There is no way for any health care reform to be 'deficit neutral' and even the 'Gang of Six' has been quoted giving a figure of 'only' $900 billion estimated over 10 years.
clipped from www.cbsnews.com

(CBS) 
One of the central selling points used by President Obama to push the Democrats' health care plan is the notion that a comprehensive overhaul of the health care system will reduce costs. But costs to who, and how? Let's step back a minute and try to figure out how Obama's cost-cutting argument could possibly be so.
Obama has repeatedly pledged, with the same assurance as his campaign pledge on spending, that the health care bill would be "deficit neutral." The Congressional Budget Office, typically a liberal redoubt, has repeatedly thrown cold water on the claim that any of the proposals on the table would be deficit-neutral. Clearly, to get there, cost savings would need to be found somewhere to completely offset outlays.
less care
less money to caregivers
less use of intermediaries
less cost in using intermediaries
There will be no cost savings. There's no sense in pretending otherwise.
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