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TOPIC: "Health reform that won't break the bank" (Peter Orszag and Nancy-Ann DeParle, The Washington Post, 3/5/10)


Diamond

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"Health reform that won't break the bank" (Peter Orszag and Nancy-Ann DeParle, The Washington Post, 3/5/10)
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"
Health-insurance reform offers many benefits, such as common-sense rules of the road and basic consumer protections to keep insurance companies honest and prevent them from denying coverage to anyone because of a preexisting medical condition. But some critics complain that the administration has slipped in its commitment to fiscal responsibility in health reform.

These critics are mistaken. The president's plan represents an important step toward long-term fiscal sustainability: It more than meets the president's commitments that health-insurance reform not add a dime to the deficit and that it contain measures to reduce the growth rate of health-care costs over time.

To take one recent example, some skeptics have claimed that the $100 billion in deficit reduction the president's plan would achieve over the next decade is mere gimmickry because the legislation would pay for only six years of coverage expansions with 10 years of budgetary offsets.

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More @ The Washington Post



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