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A $250 Billion Doctor Bill
IBD Editorials ^
| October 20, 2009
| INVESTORS BUSINESS DAILY Staff
Posted on 10/20/2009 5:12:56 PM PDT by Kaslin
Legislative Process: Democrats are said to offer physicians a deal freezing Medicare payment cuts if the docs sign on to health care reform. This is pricey bribery even by Washington standards.
Sooner or later, health care reform is going to hit taxpayers' wallets. House Democrats want to start right away with the rich, naturally. Their counterparts in the Senate are more circumspect or shifty, depending on your point of view. There, reform has a fiscally conservative facade that masks some very expensive wheeling and dealing.
Witness what's happened since the Senate Finance Committee approved a reform plan that, taken at its word, was deficit-neutral and considerably less costly than bills passed in other committees of the House and Senate. The fiscal balance turned out to be an illusion. Hundreds of billions in spending cuts and new revenue are politically untenable. Unions won't accept a tax on higher-cost health plans.
The bill also assumes that nearly $250 billion will be saved through deep cuts in Medicare payments to doctors. The Finance bill would give the doctors a one-year increase of 0.5% in 2010, but then let reimbursements drop by 25% the following year. Those cuts are scheduled under a law passed way back in 1997, but no serious observer thinks they would be allowed to fall off a cliff like that.
(Excerpt) Read more at investors.com ...
TOPICS: Culture/Society; Editorial
KEYWORDS: 111th; baucus; bhohealthcare; pricetag
posted on 10/20/2009 5:12:56 PM PDT
To: alrea; bareford101; BerniesFriend; blaveda; Bookwoman; Celeste732; dsc; Faux_Pas; fortunecookie; ...
posted on 10/20/2009 5:14:50 PM PDT
(Acronym for 0bama: One Big Ass Mistake America)
The bill also assumes that nearly $250 billion will be saved through deep cuts in Medicare payments to doctors.
That's ok, it's not like we'll miss seniors or anything. < /end sarcasm >
posted on 10/20/2009 7:29:45 PM PDT
(Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
And likely they will manage do this buy cutting reimbursements (again) from some other HC industry segment with less political power. More cost shifting.
posted on 10/20/2009 7:34:53 PM PDT
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posted on 10/20/2009 7:40:40 PM PDT
( The socialist income tax system turns US citizens into beggars or quitters!)
Nice choice for doctors. Support the bill or we’ll REALLY stick it to you.
posted on 10/20/2009 9:06:42 PM PDT
(Democracy is the theory that the people get the government they deserve, good and hard.)
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