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Four Deficit Myths and a Frightening Fact
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Alan Blinder, Princeton University professor and former vice chairman of the Federal Reserve, says the biggest reason for the growing deficit in the years out to 2040 is because of increases in health care spending. Its not that there is runaway spending in other areas. He cites CBO projections that show other costs stable relative to GDP from 2015 to 2035 and declining. This is why healthcare spending is at the heart of the problem. And why tackling the deficit has a lot to do with reducing healthcare cost increases.
The U.S. Congressional Budget Office (CBO) and estimates of the U.S. Budget Deficit
01/26/2011
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Four Deficit Myths and a Frightening Fact
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The two US Deficit Commissions in 2010 and the Deficit from Growing Health Care Costs
01/31/2008
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.
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New York Times 12/11/2010
In Battle Over Health Law, Math Cuts Both Ways
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CBO: U.S. budget deficit to reach $1.5 trillion in 2011, highest ever
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New York Times 04/07/2011
Second Panel Calls for Cutting Military Spending
New York Times 11/17/2010
Martin Feldstein on the risks for the American Economy after failures in the Obama Economic plan.
09/12/2007
Failures to address problems on the housing front, especialy the problems for 15 million homeowners under water- see the links to opeds by Feldstein suggesting focus on these issues throughout 2008-2009. And the focus on health care which diverted attention from this problem and the problem facing bad loans in commercial real estate. Other problems are failure to get bank lending up for businesses. And the failure of Obama health care plans to control the increase in the nation's surging health care spending, instead increasing the deficit to unsustainable levels. Public sentiment as shown in WSJ/NBC polls confirm Feldstein's sense of the situation.
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New York Times 12/08/2013
From President Obama, Economic Clarity but Little Courage
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How to Stop the Mortgage Crisis
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Enough With the Interest Rate Cuts
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Atul Gawande in the New Yorker who talks about the McAllen, Texas model and Robert Frank who cites the Mayo clinic model for physician spendiing.
11/08/2009
Failure of the health care reforms of 2009 to tackle the cost of physician spending leave a big gap in the country's finances and its ability to finance both external wars, Iraq and Afghanistan and higher spending on social priorities. Something's got to give.
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Maybe a New Day for Doctors’ Pay
New York Times 11/08/2009
10 Ways to Cut Health-Care Costs Right Now
BusinessWeek 11/12/2009
Finding the Nerve to Cut Health Costs
New York Times 12/09/2009
How the Senate bill would contain the cost of health care : The New Yorker
New Yorker 01/04/2010
New York Times 08/21/2011
A grim diagnosis for our ailing U.S. health care system - The Washington Post
Washington Post 11/28/2011
Developing new solutions to the problem of escalating health care costs in the U.S.
01/31/2008
New solutions are being developed and new ideas being tried to bring down health care costs. In many case quality can improve at lower cost or the similiar results delivered for lower cost with some other advantages inpatient focussed healthcare that improve outcomes. Pricing of pharmaceutical products and healthcare services as the major unsolved problem in the U.S.
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The Soaring Cost of a Simple Breath
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Economy Led to Cuts in Use of Health Care, Study Says
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Digital Records May Not Cut Health Costs, Study Cautions
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Health Care: Obama's Budget Skimps on Cost-Cutting
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Hospitals Merge Design and Building to Cut Costs
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The French health care system and its costs, comparison with the American system of health care.
06/28/2007
The rising costs of the French system and its concept and performance. Efforts to meet rising costs and rise of the "mutuals." Healthcare in France is at about 11% of GNP compared to 16% in the USA, with 50 million uninsured in the US and 99% of 64 million people of France covered. Pricing of pharmaceutical products and healthcare services remains a major unsolved problem in the U.S.
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The Soaring Cost of a Simple Breath
New York Times 10/12/2013
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The French Lesson in Health Care
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In Holland, Some See Model For U.S. Health-Care System
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Maker of Lipitor Digs In to Fight Generic Rival
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What health care experts like the Dean of Harvard Medical School say about the Health Care Reforms in Congress.
03/05/2009
Give it an "F" grade says Jeffrey Flier. It doesn't do much to control skyrocketing costs or to improve quality of care. Worse still its disingenous, as Congressmen are pretending to the public that reform has happened when it certainly has not.
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Health Care: Obama's Budget Skimps on Cost-Cutting
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Health-Care Reform: Who Pays Is So Taboo
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The Family Doctor: A Remedy for Health-Care Costs?
BusinessWeek 06/25/2009
Opportunities in the Obesity Epidemic
BusinessWeek 09/01/2009
Health Care: Lessons for America
BusinessWeek 08/13/2009
Who Picks Up the Tab for Health Reform
BusinessWeek 10/22/2009
The U.S. economy and difficult choices in 2012-2013 as seen in Congressional Budget Office (CBO) projections
01/16/2009
The U.S. faces difficult choices in 2012-2013- efforts to close the deficit by letting the Bush tax cuts and payroll tax cuts expire and making spending reductions will lead to low growth. Not doing this will lead to growth with much higher deficits and unsustainable debt levels.
Grouped Articles
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
CBO | The Budget and Economic Outlook: 2014 to 2024
Unknown 02/05/2014
Budget Deficit Returns to Prerecession Levels
Wall Street Journal 10/16/2014
U.S. Racks Up Smallest Deficit Since 2007
Wall Street Journal 01/14/2015
U.S. Annual Budget Deficit Smallest in Nearly Seven Years
Wall Street Journal 06/11/2015
Deficit Is Again Set to Top $1 Trillion
Wall Street Journal 02/01/2012
Where the money for a deficit-neutral health care plan will come from, and the environment in which each group is trying to preserve its own interests in the face of a public interest.
09/06/2007
The options to tax employer provided health insurance as income, to reduce tax breaks for mortgage deductions and charitable contributions for highend taxpayers, and to reduce Medicare payments, all have one common problem. Each group would like to preserve as much of the status quo as possible, and give up as least as possible.
Grouped Articles
New York Times 04/13/2013
In Holland, Some See Model For U.S. Health-Care System
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Obama's Health Plan -- a Preview
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CEOs Say Stimulus Top Priority
Wall Street Journal 11/19/2008
Wall Street Journal 11/22/2008
When a Job Disappears, So Does the Health Care
New York Times 12/07/2008
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.
Grouped Articles
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
Washington Post 01/26/2011
The Right Way to Reform Medicare
Wall Street Journal 04/29/2011
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
Obamacare: The reckoning - The Washington Post
Washington Post 03/23/2012
Costs of America's healthcare system and services compared with other European countries
01/31/2008
The costs of American health care per patient is double that of some European countries with poorer results in many critical areas of medical services. The burden on society as a whole and the lack of incentive for providers and patients to take action. Pricing of healthcare and pharmaceuticals as the major unsolved problem in the U.S.
Grouped Articles
The Soaring Cost of a Simple Breath
New York Times 10/12/2013
New York Times 12/21/2013
Economy Led to Cuts in Use of Health Care, Study Says
New York Times 08/16/2010
Patients’ Costs Skyrocket; Specialists’ Incomes Soar
New York Times 01/18/2014
A grim diagnosis for our ailing U.S. health care system - The Washington Post
Washington Post 11/28/2011
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
Health care reform suffers from a huge gap with no change to the "fee -for-service" system used by physicians.
10/15/2009
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.
Grouped Articles
Patients’ Costs Skyrocket; Specialists’ Incomes Soar
New York Times 01/18/2014
Economist 10/15/2009
Health 'Debate' Deserves a Failing Grade
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New York Times 12/09/2009
President Obama writes a new health reform prescription
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Health-care bill wouldn't bring real reform
Washington Post 12/17/2009
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.
01/31/2008
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.
Grouped Articles
Bayonne Medical Center Has Highest U.S. Billing Rates
New York Times 05/16/2013
New York Times 12/21/2013
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New York Times 01/18/2014
Something’s Got to Give in Medicare Spending
New York Times 06/14/2009
Robert J. Samuelson - Wrong Way on Health 'Reform'
Washington Post 06/15/2009
Obama's Health Plan Needs Spending Controls, CBO Says
Washington Post 06/17/2009
Health care cost increases as a critical part of the U.S. deficit problem and why it defies solution (1)
07/24/2009
Linked Articles
Obama's Health Expert Gets Political
Wall Street Journal 07/24/2009
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
The WSJ editorial board and Alan Blinder on why the escalation in healthcare costs works havoc on the U.S. deficit (2)
01/08/2011
Linked Articles
Wall Street Journal 01/08/2011
Four Deficit Myths and a Frightening Fact
Wall Street Journal 01/19/2012
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