The threat to Medicare is very real and pressing. Last night the President suggested he still wants to change Medicare in a way “some in his party” won’t like. We are seeing a convergence of deficit hysteria, a Democratic president who wants to have a “Nixon goes to China moment” with Medicare and powerful corporate lobbyists in pursuit of bigger profits.

The Centers for Medicare and Medicaid Services (CMS) just released a study of the version of the health care reform bill, H.R. 3200, reported out by the Ways and Means Committee.* The study had some positive news for the robust public option tied to Medicare rates. The public option would on average have premiums 11 [...]