The Cost of Healthcare Reform
The NY Times’ Kevin Sack’s wrote in the 12/13 edition:
Some of those dollars [for healthcare reform] may be found by packaging health care initiatives as stimulus measures, a recessionary opportunity presented by the public’s acceptance of deficit spending to spur the economy. What, after all, is $100 billion for health coverage if the government can print $700 billion to bail out the banks?
Let’s see: $700b to purchase equity and assets, one-time … versus an annual hundred billion dollar outlay that is likely to increase far faster than the tax base. This sort of innumeracy seems to reflect the declining health of the Gray Lady more than a reasonable commentary on healthcare reform.