Tuesday :: May 24, 2011

Open Thread

by Mary

An interesting thing happened while the deficit hawks were kibitzing about saving Medicare. Overall private healthcare costs are going up even while more people are deferring procedures, but Medicare costs are rising less than even the low inflation. From Angry Bear:

“costs for Medicare patients are being better contained than those covered under commercial insurance plans,” observes David M. Blitzer, chairman of the S&P Index Committee.

So where is that vaulted free market that is going to save Medicare from bankrupting the nation? And where people only get a chintzy voucher and when they need care, they can just go one-on-one with the medical-industrial system to figure out if they can pay for it?

Mary :: 12:00 AM :: Comments (7) :: Digg It!