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What Did CBO Actually Say About Health Care

You need to read this post by Dick Quinn:

CBO cost estimates for health care – read the fine print

and here is a sample:

And you probably won’t here much about what the CBO blog says in the last sentence in this paragraph (I added emphasis):

“Based on the extrapolation described above, CBO expects that Medicare spending under the bill would increase at an average annual rate of roughly 6 percent during the next two decades—well below the roughly 8 percent annual growth rate of the past two decades (excluding the effect of establishing the Medicare prescription drug benefit). Adjusting for inflation, Medicare spending per beneficiary under the bill would increase at an average annual rate of roughly 2 percent during the next two decades—much less than the roughly 4 percent annual growth rate of the past two decades. Whether such a reduction in the growth rate could be achieved through greater efficiencies in the delivery of health care or would reduce access to care or diminish the quality of care is unclear.”

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November 20, 2009 - Posted by | Federal Government, healthcare | , , , , ,

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