Drudge Retort: The Other Side of the News
Wednesday, September 03, 2014

Paul Krugman, New York Times: Something remarkable has been happening on the health-spending front, and it should (but probably won't) transform a lot of our political debate: Health spending has slowed sharply, and it's already well below projections made just a few years ago. The falloff has been especially pronounced in Medicare, which is spending $1,000 less per beneficiary than the Congressional Budget Office projected just four years ago. This is a really big deal, in at least three ways.

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What's the moral here? For years, pundits and politicians have insisted that guaranteed health care is an impossible dream, even though every other advanced country has it. Covering the uninsured was supposed to be unaffordable; Medicare as we know it was supposed to be unsustainable. But it turns out that incremental steps to improve incentives and reduce costs can achieve a lot, and covering the uninsured isn't hard at all. When it comes to ensuring that Americans have access to health care, the message of the data is simple: Yes, we can.

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socialism = bad

#1 | Posted by Shawn at 2014-09-03 12:26 PM | Reply | Flag:

Krugman's facts will be completely ignored by the conservatives who all predicted such dire consequences if we passed Obamacare.

#2 | Posted by danni at 2014-09-03 12:34 PM | Reply | Flag:

Red herring danni and you know it.

Romneyobamacare is not national health care. In fact it expressly prohibits the cost cutting measures that Medicare uses. You are lying and you know it.

#3 | Posted by Shawn at 2014-09-03 12:39 PM | Reply | Flag:

So Part B is paying off. Who would have thought that. The GOP and W actually did something Danni approves of.

#4 | Posted by RobThomas at 2014-09-03 07:18 PM | Reply | Flag:

Krugman's facts will be completely ignored by the conservatives who all predicted such dire consequences if we passed Obamacare.

#2 | POSTED BY DANNI AT 2014-09-03 12:34 PM | REPLY | FLAG:

These numbers reflect a trend started in 2008, before Obamacare was on the table. Keep trying. Krugman and his 'facts' will.

#5 | Posted by RobThomas at 2014-09-03 07:24 PM | Reply | Flag:

"Romneyobamacare is not national health care."

Good point. Which Danni never said, of course. And now that it has been shown that Obamacare CAN help slow and even reduce health care costs and not have to slash benefits to do so I guess you Thugs will quit bothering to spew your lies about SocialSecurityMedicareAndMedic
aidObamaRomneyCare?

I know...wishful thinking.

Perhaps you lunatics should shut down the Government again so you can show us all just how much you care about the sick and the poor and the disadvantaged among us.

#6 | Posted by donnerboy at 2014-09-03 08:05 PM | Reply | Flag:

Krudman is just full of crap and you libs know it. 40 million plus people still don't have healthcare, costs to be insured have risen dramatically since crapcare was passed, and no you can't keep your doctor.

Liberals are sooooooo stuuupid!

#7 | Posted by mcmlcxx at 2014-09-03 11:41 PM | Reply | Flag:

MCMLCXX have premiums gone up drastically nationwide and do you have a link proving this or are you just lying?

#8 | Posted by Tor at 2014-09-04 12:20 AM | Reply | Flag:

"Krugman's facts will be completely ignored by the conservatives who all predicted such dire consequences if we passed Obamacare."

Krugman is a clown. That shifty-eyed fool says....

"The story so far: We've all seen projections of giant federal deficits over the next few decades, and there's a whole industry devoted to issuing dire warnings about the budget and demanding cuts..."

BUT...the CBO says....

"Yesterday, the Congressional Budget Office (CBO) reported a significantly bleaker fiscal picture than they had projected just last year, with debt now rising to 79.2 percent of the economy by 2024. Most reports are stating that deficits have been revised upward by $1 trillion, but on an apples-to-apples basis, the revision was even greater."

"Due to a quirk in CBO scoring conventions, last year CBO had to assume that one-time disaster relief funding in the wake of Hurricane Sandy was extended annually forever, which artificially inflated their deficit projections by around $425 billion from 2014-2023. This year, however, CBO no longer has to assume continued funding for Hurricane Sandy.

Therefore, to compare the actual changes between CBO's deficit projections, the applicable 10-year deficit total projected last May was $5.9 trillion, not $6.3 trillion. Similarly, debt was projected to reach 72.3 percent of GDP in 2023 after accounting for Sandy, rather than 74 percent.
The adjusted numbers imply that total forecasted deficits from 2014-2023 actually rose from $5.9 trillion to $7.3 trillion, a jump of $1.4 trillion. Similarly, projected debt in 2023 rose by nearly 6 percent of the economy that year, from 72.3 percent to 78 percent."

crfb.org

Do some more research on your own and you'll find that CBO projects healthcare spending to be the fastest growing and largest part of mandatory spending.

"Viewing the numbers as a percentage of the economy better illustrates the growth of mandatory spending. Health care programs grow from 4.9 percent of GDP this year to 5.9 percent of GDP by 2024. Social Security will grow from 4.9 percent of GDP to 5.6 percent."

crfb.org

Idiots...just wait, all the tricks of ObamaCare haven't even taken effect yet. I know, I know...Krukman has a Nobel Prize. Yeah, and so does Obama.

#9 | Posted by jestgettinalong at 2014-09-04 10:47 AM | Reply | Flag:

"Do some more research on your own and you'll find that CBO projects healthcare spending to be the fastest growing and largest part of mandatory spending."

However you spin it, without Obamacare healthcare inflation has slowed and nearly stopped. Without Obamacare things would be much worse.

#10 | Posted by danni at 2014-09-04 11:12 AM | Reply | Flag:

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