nos-trum. pronunciation: \nos'-trum\. noun. Etymology: Latin, neuter of noster our, ours.
1. a medicine of secret composition recommended by its preparer but usually without scientific proof of its effectiveness.
2. a usually questionable remedy or scheme.
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Tuesday, March 9, 2010

Health Care Reform Costs

The New York Times has a piece today that does a pretty good job of reviewing all the Congressional maneuvers that allowed members and the President to say that the overall health care reform bill reduces the deficit.  Once you put back in all the costs they excluded and the double counting, the overall result is exactly the opposite.  Judge for yourself.

The President said yesterday that “Our cost-cutting measures mirror most of the proposals in the current Senate bill, which reduces most people’s premiums and brings down our deficit by up to $1 trillion dollars over the next decade because we’re spending our health care dollars more wisely,” and offers the Congressional Budget Office (CBO) as the non-partisan source for his statement.

This is surely a falsehood.  His figures are not in the White House estimate or the CBO estimate.  Even using the Congressional funny math, the bill would save $132B in the first decade, then lose $868B in the second decade, according to the CBO.

It's not surprising that people are having a tough time knowing who to believe--too many numbers are being tossed around.  It takes hard work to get to the bottom of it all, and most people don't have the time.  I have yet to hear a cable news broadcast that tells the whole story.  So try the article above.

Doc D

Opinions are entirely my own.

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