krugman.blogs.nytimes.com/2008/10/03/raising-the-white-flag-of-surrender-to-medicare
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Back to front page October 3, 2008, 11:04 am Raising the white flag of surrender -- to Medicare INSERT DESCRIPTION Freedom in danger Unbelievable. Sarah Palin finished her closing remarks by quoting Ronald Reagan: It was Ronald Reagan who said that freedom is always just one generation away from extinction. we have to fight for it and protect it, and then hand it to them so that they shall do the same, or we're going to find ourselves spending our sunset years telling our children and our children's children about a time in America, back in the day, when men and women were free.
Operation Coffeecup -- a campaign organized by the American Medical Association to block the passage of Medicare. Doctors' wives were supposed to organize coffee klatches for patients, where they would play the Reagan recording, which declared that Medicare would lead us to totalitarianism.
Thanks, conservatism, for working to debase our political discourse, substituting ignorance and suspicion for rational thought. This party needs to spend a couple decades in the minority.
Medicare essentially transferred the senior health care costs from one generation to the next. Seniors in the 1960s paid a maximum of $60 per year for their future health care benefits. Those same seniors now actually cost thousands of dollars per year in health care costs, a cost borne by the current working generation. At the same time, because of cost pressures, Medicare has become a bureaucratic and delivery nightmare. In true socialist central planning mode, it tries to decide what is appropriate reimbursement for procedures and care. It often gets it wrong, creating great disparities in access. In many areas of the country it is difficult to find a primary care physician who will treat new Medicare patients. And the shortcome in revenue secondary to low Medicare reimbursement is made up by charging other patients more; Once restricted to chronic renal failure and a few other severe ailments, it now outstrips everything else in the federal health care budget in growth. I have personally seen many people who are on Medicare disability for relatively trivial reasons ("I get panicky at work"), while other severely disabled persons get turned down. Radio and TV ads trumpet attorneys offering to "help" you get Medicare disability.
Yes, this administration is trying to destroy the program, but what is all this about not being able to chose my doctor? So the government has my records, so what as long as they don't use them against me. The only problem with Part D prescription drug program is that the government can't negotiate price. Now all this isn't true with private healthcare systems. I have had to threaten legal action against my private supplemental plan for leaking my personal information and restricting where I could get diagnostic testing done. This is truly outrageous - spending money to do nothing. When government overhead is is in the low single digit percent for overhead and the private sector is estimated to be 30+% - the media spin against public single payer plan sounds like much else, for example, coming from the private sector. Name Required E-mail Required (will not be published) Comment Submit Comment Comments are moderated and generally will be posted if they are on-topic and not abusive.
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And I place no weight at all on the fact that the Dow plunged after the vote. But it is interesting that short-term Treasury yields are down -- only 013% on one-month -- suggesting that the flight to safety continues unabated.
Raising the white flag of surrender -- to Medicare Freedom in danger Unbelievable. Sarah Palin finished her closing remarks by quoting Ronald Reagan: It was Ronald Reagan who said that freedom is always just one generation away from extinction.
A grim morning Double plus ungood news on multiple fronts this morning. The credit crunch is getting worse: LIBOR jumped again, the TED spread is at a new record.
Via Andrew Leonard, Joe Sitglitz seems to have the same view on the bailout that I have: lousy plan, better to pass it tomorrow than not: Well, I think it remains a very bad bill ...
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