Wow! Now there's a name from the grooveyard of forgotten Slick Willie bimbos! A real "blast from the past!"
Yeah, an annual GDP growth rate of 30%+ oughta' fix things right up. /s
So medicare spending slows to 3.1% a year. What will probably happen is that government spending for non-medicare health care will increase by 10% a year (or more). Exactly how this is supposed to help government deficits is beyond me.
Thanks for posting
This article seems to favor the administration . Anybody know Who Laura Tyson is, and what kind of publication is the The Economist Review ?
“Very little is heard about the need to increase federal spending in education and training, research and development and infrastructure, three areas with proven track records in rate of return, job creation, opportunity and growth. ...”
The rate a return has proven to be abysmal....
Her answer is administrative efficiency! She ignores the fact that Congress dials down the reimbursement rates for Medicare and Medicaid services, which simply means health care providers have to raise the rates for private pay covered patients. And she sees that as an advantage in administrative efficiency for Medicare/Medicaid! Ugh.
As an economist, using the term in its narrow, Stalinist sense, Tyson was always and remains a top down idiot savant who used to speak and write lovingly about the joys and efficiencies of the Romanian economy - yes indeed - until the architect and dear leader of that commie sh*thole slave state - yes, the selfsame Nicky Ceausescu, had an extremely bad day at the office. It seems a lot of Tyson’s encomia abut the wonders of the Romanian economy were, um, at odds with the views of Romanians, who offed Nicky when their misery became untenable. Tyson doesn’t know bugger all about the free market, so it is impossible for her and her fascist ilk to see the divide between the free market and all of the fascist thuggery which is the very essence of Obamacare. Always remember, Obamacare can only be imposed at the point of a gun. For fascists like Tyson, at the point of a gun isn’t coercion, its just a little attitude adjustment for the unenlightened among us.
Nothing?
Thats what I thought.
The burden is eliminated! We can thank Pelosi for the savings!
Palliative end of life optimum serenity initiative (PELOSI).
"Just give 'em a pill. Don't waste resources." Obamacare.
Also, I did a cursory search and cannot find a source but I do remember clearly that Ms Tyson as Clinton's top economic adviser pushed for a "one time" expropriation of 15 percent of all private retirement funds, the money would be used to help the inner cities among other things.
Now the Rat Party wants 100 percent.
Of course! Can't everyone see that competition drives up costs in the free market?
Only State-imposed monopolies are efficient. Look at the DMV, the Post Office, or the VA. It's hard to imagine anything better.
Man, are Rethuglicans stupid!
/s
great..so, where you going to find a doctor to take on any or any more Medicare patients ?
Take half a trillion dollars away from Medicare in the Obamacare shell game and suddenly Medicare costs less. At least until doctors refuse to take Medicare patients because of unacceptably low reimbursement rates.
translation: They are screwing the doctors with lower payments.
The result will be fewer doctors willing to see the elderly of course...especially since the paperwork required to get paid costs almost as much as one is reimbursed...and to do a good evaluation of the elderly takes a lot more time, but if you bill for the time you spent, you can be jailed for fraud/overbilling.