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In Battle Over Health Law, Math Cuts Both Ways
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Are there costs or are there savings from the Obama health care bill? Does it affect jobs and how? The Congressional Budget Office says the health care law will save $230 billion in ten years based on a whole set of calculations and assumptions. Commonsense and basic math leads others to question how spending $930 billion on insuring 32 million Americans could end up with significant savings. The different view argues that the Budget Office erred in making some calculations, by counting $70 billion in premiums from long term care because they would be used to pay benefits later, omitted $115 billion in spending to adminster the law, and omitted $208 billion needed to prevent scheduled reductions in Medicare payments to doctors. The money needed on the Stimulus, on two wars in Iraq and Afghanistan, and the uncertain prospects of the US economy in the longer term till debt and other issues are resolved, injects the critical element of difficult choices and priorities. If state and local budgets are severely strained in 2011-2012 would that require federal help and will there be other needs that will have to be met by the federal government that are critical such as another unexpected downturn, or a resolution of unresolved bad debt at the large US banks There is also a sense that the health care law does not do enough to reduce the cost of health care that will be needed over the next decade so that other priorities are not neglected. Both parties are not up to the task in this respect for running the country's finances withot using the numbers to tell different stories.
Different interpretations of the savings or costs from the Obama Health Care Law
01/07/2011
The Congressional Budget Office estimates savings of $230 billion from the health care law. Other views show that some of the money should not have been counted in the math and some was doublecounted. The legislation involves spending $930 billion over a decade for insuring 32 million people, so is it overstating the case to say there are savings, says this different view.
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In Battle Over Health Law, Math Cuts Both Ways
New York Times 01/07/2011
House Approves Health Law Repeal
Wall Street Journal 01/20/2011
CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
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Obamacare: The reckoning - The Washington Post
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Politics and the Health Care Reform bill in Congress.
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How the failure to articulate and direct its plans for healthcare reforms is leaving it to the vagaries of politics and the views of individual Senators, Congressmen and lobbyists. As a result pricing of pharmaceutical products and healthcare services remains the major unsolved problem in the U.S.
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The Republican party and its plans to defund the Affordable Care Act (Obama Health Care Law) in the U.S.
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Plans in the GOP to defund the healthcare bill if the Republicans win a majority in the House of Representatives.
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What health care experts like the Dean of Harvard Medical School say about the Health Care Reforms in Congress.
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Leonhardt looks at the history of reform efforts and puts it in perspective.
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New York Times 01/20/2010
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The two US Deficit Commissions in 2010 and the Deficit from Growing Health Care Costs
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Bowles-Simpson Deficit Commisssion proposals, critics say, did not adequately tackle the health care part of the US Deficit. Rivlin-Domenici Deficit Commission phases out the tax exclusion on employer-subsidized health care insurance. Both fall short in addressing the health care portion of the deficit.
Grouped Articles
New York Times 12/11/2010
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New York Times 04/07/2011
Second Panel Calls for Cutting Military Spending
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Martin Feldstein on the risks for the American Economy after failures in the Obama Economic plan.
09/12/2007
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Developing new solutions to the problem of escalating health care costs in the U.S.
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Republican Efforts to Repeal the Obama Health Care Law in 2011
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Debt, health care, other issues and the 2010 Congressional elections.
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Republicans and Democrats position themselves on issues such as debt, health care as they go in to the 2010 elections.
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New York Times 08/21/2010
Tom Keene Talks with David Stockman
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Why the health care reform bill in Congress fails as real reform.
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Howard Dean and other experts explain why.
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The Obama Health Care Law that passed the U.S. House of Representatives by 220 to 215 on November 7, 2009.
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Health-Care Overhaul Proposals
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Democrats Raise Alarms Over Health Bill Costs
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Failure to control overbilling by pharmaceutical companies, medical equipment and device makers in the health reform bill.
12/10/2009
Only $10 million annual increase to control fraud has been allocated in the bill. Its not likely to do much to control the overbilling and may be one more reason the health care reform bill will be a failure in controlling costs. Pricing of pharmaceutical products and healthcare services as the major unsolved problem in the U.S.
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House Approves Health Law Repeal
Wall Street Journal 01/20/2011
A grim diagnosis for our ailing U.S. health care system - The Washington Post
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The sweeping restructuring of U.S. health care that is needed and the way patients, doctors, and hospitals would rather live with the status quo.
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The risks of "cosmetic" reform in the Obama administration's efforts, and the unsustainability of the current system in the costs and results it provides.
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Health care reform suffers from a huge gap with no change to the "fee -for-service" system used by physicians.
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With over one third of the cost of medical expenditures coming from doctors and hospitals, the complete absence of an effort to base care on quality, medical necessity and results, leaves the reform on shaky grounds.
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