Relevant and even prescient commentary on news, politics and the economy.

A New IOM Report Reveals Why Medicare Costs So Much (Hint–It’s Not Just the Prices)

by Maggie Mahar A New IOM Report Reveals Why Medicare Costs So Much (Hint–It’s Not Just the Prices) (reposted with authors permission) George W.  Bush is 67. Chances are Medicare paid for the stent operation that I describe in the post above. For years, medical researchers have been telling us that this procedure will provide no […]

After selling the election

In a previous post Fiscal cliff and the frenzy  I pointed to the rush of reporting the day after the election. Some of these articles should be in the op-ed section instead of reporting. Lori Montgomery “Avoiding hard decisions could have grave consequences, analysts say…”         …  Few expect Washington to replicate the […]

The Elephants are Still Thirsty

by Run 75411 The Elephants are Still Thirsty In my earlier post on Carrying Water for Elephants I explained how the $716 billion in planned reductions to Medicare was calculated, who it impacted, and from where it originated. The $716 billion is far larger than the initial $449 billion first reported. In 2010, the CBO arrived […]

Healthcare reform op-ed

The current uptick in ‘medical inflation’ in private sector health industry is worth a separate post. The Standard and Poor Healthcare Economic Indices can be found here. Lifted from a note from Run 75441 on the link I sent on healthcare reform. Recently, Matt Stoller claimed Obama had a 61 vote majority in the Senate and […]

The Medicare Sky is Falling.. Accepting Medicare

by run 75441 The Medicare Sky is Falling Part of the Medicare Sky Falling story is a claim that doctors are refusing to accept new Medicare patients because of low payments. It is common for politicians and pundits to pontificate declaring Medicare is broken. A doctor himself, Wyoming Senator Barrasso made the claim to CNN’s […]