Study Takes on the Myth of Medicare Cost Shifting

By: Tuesday May 7, 2013 9:13 am

A new study in Health Affairs appears to disprove the commonly cited myth that public insurance programs “shifts cost” onto private insurance. The idea behind the myth is that public insurance programs pay providers less than what procedures cost which forces them to make up the difference by charging private insurance companies more. In reality, [...]

What the FAA Fight Shows About the Danger of Obama’s Entitlement Reforms

By: Friday April 26, 2013 8:24 am

The sequester cuts are starting to hit multiple groups and programs but so far Congress has only moved swiftly to address a few of them. Two of the biggest are making sure meat inspectors didn’t get furloughed and recently stopping airport delays. What these two changes have in common is that they affect both regular [...]

Larry Summers’ Shocking Ignorance About Health Care Economics

By: Monday April 22, 2013 8:20 am

Just when I think there aren’t enough reasons to disdain Larry Summers he goes out his way to create new ones. Last week Summers said it was a good thing America didn’t adopt a universal health care system in the 70′s. When Ezra Klein challenged him to defend this statement Summer could only provide confusing [...]

Obama Tries to Make Every False GOP Attack True

By: Thursday April 11, 2013 7:30 am

What I find most ironic about President Obama’s budget is that in trying to find “common ground”, he became the caricature Republicans created about him. Throughout most of Obama’s first term Republicans attacked him based on what were two false premises. The first was that Obama raised taxes on the middle class. Republicans would sometimes [...]

The Rest of the World Still Has Plenty of People Who Want to be Doctors

By: Thursday February 21, 2013 12:36 pm

For the most part I found this very long Time article by Steven Brill about the problems with American health care cost to be interesting. It did correctly highlight that the biggest problem is that Americans are overcharged for almost everything related to medicine, but I was thrown off by his bizarre insistence this doesn’t [...]

Projected Medicare Spending Already Came Down by Half a Trillion

By: Wednesday February 20, 2013 12:36 pm

A funny thing happened while Washington debated how Medicare benefits must be cut to reduce long-term projected spending. Three years of extremely slow growth naturally reduced projected Medicare spending by a substantial amount. According to the Center on Budget and Policy Priorities, projected Medicare spending is now roughly half a trillion lower than it was [...]

Bowles and Simpson Still Want to Cut Your Medicare and Social Security

By: Tuesday February 19, 2013 9:00 am

Just in case you were worried that Washington might have accidentally stopped talking about Erskine Bowles, Alan Simpson, or the deficit for a whole day the dynamic duo is trying to grab the spotlight today with a brand new deficit outline. Not surprisingly much of their proposed deficit reduction would come from cutting Medicare and [...]

Slow Health Care Spending has Already Substantially Reduced the Deficit

By: Wednesday February 6, 2013 8:27 am

As I pointed out last week, there has now been a three year trend of Medicare per beneficiary spending growing at a very slow rate. These three years of slow growth have already produce substantial reductions in the deficit, according to the Congressional Budget Office’s new budget outlook.

Obama Says Medicare and Social Security Cuts Still on the Table

By: Tuesday February 5, 2013 11:34 am

No bad idea supported by President Obama is ever permanently defeated, it is at best simply stopped temporarily. In a statement today about the sequestration cuts Obama wanted to make it clear that the proposed entitlements cuts that he has previously backed are still on the table. In fact Obama made sure to repeat this [...]

Gene Sperling: Medicaid Is Safe, Medicare Is Not

By: Friday February 1, 2013 9:31 am

The one upside to the Supreme Court making the Medicaid expansion in the Affordable Care Act optional is that it has stopped the Obama administration from trying to cut it. Senior economic adviser Gene Sperling confirmed that the administration sees taking Medicaid completely of the table as necessary to make Obamacare function; but since President [...]