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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Monday, June 28, 2010

Will The Rain Of Bad News From HCR Ever Stop?

Health Care Reform Is Likely To Widen Federal Budget Deficits, Not Reduce Them

A new analysis appearing in the prestigious journal Health Affairs looks at the projection of cost in the health care reform law that was passed in March.  The authors, former Congressional budget analyists, give a sobering summary of the chicanery that allowed the law's supporters to argue that it would be cost-neutral or deficit-reducing:
"We examine the underpinnings of the CBO’s projection and conclude that it is built on a shaky foundation of omitted costs, premiums shifted from other entitlements, and politically dubious spending cuts and revenue increases. A more comprehensive and realistic projection suggests that the new reform law will raise the deficit by more than $500 billion during the first ten years and by nearly $1.5 trillion in the following decade."
I've lost count of the Poison Pills in the law, so I won't bother to number this one.  As with all "political" estimates of cost the truth never is as low as predicted initially in order to get support for the legislation.

Doc D

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