Wednesday, November 20, 2013
Good News/Bad News
Here's a surprising and puzzling story, that may seem to the untrained eye like unmitigated good news! But if you'd been around as long as I have, you'd know better! Inexplicably, health care cost inflation has decreasing and is well below projected levels over the last several years. The good news is that this will reduce Medicaid and Medicare costs, helping reduce the federal budget deficit. But the bad news is that this good news could reduced momentum towards a bipartisan budget compromise that will slash entitlement benefits! Remember, it isn't enough to just reduce costs; you have to cut benefits too! I fear that this good news will keep us from getting the bipartisan entitlement reforms that we so desperately desperately desperately need.