Saturday, May 30, 2009
By Robert Johnson
The alliance of stakeholders in the health-care industry said they will slow the rise of health-care costs by 1.5 percent per year over the next 10 years, saving $2 trillion.
That's the type of obfuscation one would expect from those desperately trying to maintain their bottom lines, at our expense. They say nothing of cutting costs. They are counting on their clever wording to disguise their mere offer to decrease the rate of increases.
At that rate, in 10 years we will be spending $2.5 trillion on health care, rather than the $1.5 trillion we spend now. Assume their estimate of a 6.2 percent rise in costs each year and do the math. It is a public-relations stunt to give cover to Congress not to interfere.
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