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(Business Insider)   Under the Obama administration the government estimates of the growing cost of Medicare was vastly off target   (businessinsider.com) divider line 110
    More: PSA, Peter Orszag, Medicare, federal budget, Obama administration, Douglas W. Elmendorf, Office of Management and Budget, deep dive  
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4488 clicks; posted to Politics » on 29 Dec 2012 at 7:50 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-29 03:12:31 PM
Therefore we need to make it a voucher.

/facts mean nothing to a Republican
 
2012-12-29 03:18:40 PM
Subby, you're two tense
 
2012-12-29 03:21:18 PM

MaudlinMutantMollusk: Subby, you're two tense


Oh bless you!
 
2012-12-29 03:41:09 PM

MaudlinMutantMollusk: Subby, you're two tense


LOL.
 
2012-12-29 04:43:02 PM

MaudlinMutantMollusk: Subby, you're two tense


Heh.
 
2012-12-29 05:06:53 PM
For three years in a row, Medicare spending has significantly come in below estimates. Repeat that: below estimates.

Therefore, it needs to be slashed. And the wealthy need tax cuts.  Because socialism.


MaudlinMutantMollusk: Subby, you're two tense


+1
 
2012-12-29 05:25:39 PM
This is an inflation index.  The cost is still going up, just not as fast as it used to.  Also:

This isn't to say, definitively, that Medicare costs won't be a huge burden for the government going forward. Demographics is a major issue, no doubt.

That's the understatement of the year.
 
2012-12-29 05:46:49 PM

Lsherm: This is an inflation index.  The cost is still going up, just not as fast as it used to.


So medicare costs are rising slower than inflation now?
So pretty much a non-problem?
lol
Yes, I know, the boomers. farking boomers. Voted themselves tax cuts and now expect to still get their STUFF. Damn takers.
 
2012-12-29 05:57:01 PM
Good news.
 
2012-12-29 06:33:56 PM
Business Insider appears to have been infiltrated by socialists. Just listen to this commie claptrap!

There's Only One Way To Fix The Deficit - And Actually It's Totally Painless
 
2012-12-29 06:41:04 PM
Funny how estimates of the future aren't always accurate.
 
2012-12-29 06:52:47 PM

MaudlinMutantMollusk: Subby, you're two tense


He's a teepee and a wigwam?

I HAD TO, SORRY
 
2012-12-29 07:06:58 PM

fusillade762: Business Insider appears to have been infiltrated by socialists. Just listen to this commie claptrap!

There's Only One Way To Fix The Deficit - And Actually It's Totally Painless


LT;DR
actually, I skimmed it, looked at all the pretty picture, but I have NO IDEA what the fark he was suggesting.
WHAT is the totally painless fix??? He couldnt have the exec summary at the top?
 
2012-12-29 07:09:16 PM
While I'm happy about it, why have Medicare costs only increased ~2% over the last year or so? Does anyone have a good theory for that?
 
2012-12-29 07:29:24 PM

MacEnvy: While I'm happy about it, why have Medicare costs only increased ~2% over the last year or so? Does anyone have a good theory for that?


Prayer.
 
2012-12-29 07:37:15 PM

MacEnvy: While I'm happy about it, why have Medicare costs only increased ~2% over the last year or so? Does anyone have a good theory for that?


death panels
 
2012-12-29 07:40:22 PM
How about less money on war.
 
2012-12-29 07:49:13 PM

Carotid: How about less money on war.


Hippie.
 
2012-12-29 07:56:35 PM
Kirk: Mr. Scott. Have you always multiplied your repair estimates by a factor of four?

Scotty: Certainly, sir. How else can I keep my reputation as a miracle worker?
 
2012-12-29 07:56:36 PM
I've been told by those on the right that no government plan has ever come under estimated costs. Is this now wrong?
 
2012-12-29 08:04:32 PM

Corvus: I've been told by those on the right that no government plan has ever come under estimated costs. Is this now wrong?


Hoover Dam.
 
2012-12-29 08:05:06 PM

namatad: actually, I skimmed it, looked at all the pretty picture, but I have NO IDEA what the fark he was suggesting.
WHAT is the totally painless fix??? He couldnt have the exec summary at the top?


Cut taxes on the rich.
 
2012-12-29 08:06:44 PM
Look, we all know that these here slave reparations payments have to end. Otherwise we can never afford another 12,000 M1s.

Job creating keep America safe war on terror job creators. You know it, I know it, the American people know it.
 
2012-12-29 08:13:49 PM
Raising the Medicare age to 68 will help get those increases back online.
 
2012-12-29 08:28:31 PM
That's not tense disagreement, it's verb/noun disagreement.
 
2012-12-29 08:31:03 PM
Right now the deficit doesn't pose a problem, but thanks to the gigantic growth in healthcare costs, it's inevitable that the government will get swamped by Medicare spending, ergo we need to tweak the system.

the premise that underlies the whole argument is asinine. the only reason the current account deficit isn't a big problem right now, even before a medicare disaster, is most of the rest of the world is in shiat at least as deep as us, so borrowing is painless. assuming even the current status quo is sustainable is crazy even over the medium term. and we are about to make 99% of the bush tax cuts permanent. the problem will not go away.
 
2012-12-29 08:34:46 PM
I wish that these people would get it together
 
2012-12-29 08:36:41 PM
Nothing that privatizing Medicare can't fix.

/Yes I read the article
//Yes I stand by my comment.
///Yes I'm sarcastic and I think that privatizing everything is a stupid idea and doesn't always result in a positive for the consumer
 
2012-12-29 08:38:23 PM
This calls for tax cut for the 1%.
 
2012-12-29 08:55:04 PM

namatad: fusillade762: Business Insider appears to have been infiltrated by socialists. Just listen to this commie claptrap!

There's Only One Way To Fix The Deficit - And Actually It's Totally Painless

LT;DR
actually, I skimmed it, looked at all the pretty picture, but I have NO IDEA what the fark he was suggesting.
WHAT is the totally painless fix??? He couldnt have the exec summary at the top?


Really? You didn't look at the first three charts, describing the correlation between federal spending, revenue, and deficit and THE UNEMPLOYMENT RATE, and not know what they were suggesting?
 
2012-12-29 08:56:57 PM

Carotid: How about less money on war.


Then the terrorists win.
 
2012-12-29 08:57:12 PM
medicare payments, and therefore medicare costs, are based on provider costs.
what this wallstreet guy is essentially arguing is something underlying medical inflation's inexorable rise has changed, and that the change wasn't the great recession which we haven't had a full recovery from 4 years after it began, and we know it was not the great recession itself because healthcare providers were still able to gouge private insurance during this period.
("That pattern suggests at least part of the slowdown is structural (since if it were all just a reflection of economic weakness, we wouldn't expect Medicare to slow down more than other health costs, but if it were partly structural, that's exactly what we would expect").

at my heart I'm a cynic, but these are fairly dubious ideas held together with scotch tape .
 
2012-12-29 09:01:39 PM
it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.
 
2012-12-29 09:10:11 PM

IlGreven: Really? You didn't look at the first three charts, describing the correlation between federal spending, revenue, and deficit and THE UNEMPLOYMENT RATE, and not know what they were suggesting?


lower unemployment?
POOF!
But how???
Other than increasing government spending?? which technically increases pain down the road.
 
2012-12-29 09:13:42 PM

relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.


National healthcare in Japan. The sick get help early, keeps cost down long term
 
2012-12-29 09:14:35 PM

Don't Troll Me Bro!: Corvus: I've been told by those on the right that no government plan has ever come under estimated costs. Is this now wrong?

Hoover Dam.


I know it's not true but that doesn't stop people on the right saying it is.
 
2012-12-29 09:20:25 PM

Corvus: Don't Troll Me Bro!: Corvus: I've been told by those on the right that no government plan has ever come under estimated costs. Is this now wrong?

Hoover Dam.

I know it's not true but that doesn't stop people on the right saying it is.


They can't even handle the truth that Reagan vastly increased the deficit
 
2012-12-29 09:21:58 PM

Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term


plus with national healthcare, there is no profit. cost + maybe some overhead = cheap.
 
2012-12-29 09:22:29 PM

relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.


Actually, yes it is.
 
2012-12-29 09:22:33 PM

MaudlinMutantMollusk: Subby, you're two tense


Subby's a twenty?
 
2012-12-29 09:24:39 PM

Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term


no, that has almost nothing to do with it; the government has just rationally decided that there will be a strict limit to profitability in in this vital industry where the demand is often close to inelastic.

here we reelect the same assholes that decided that being a doctor wasn't sufficiently monetarily rewarding and that therefore capped training programs at 1997 levels so they would see a massive increase from their already world leading salaries.

there they look out for the consumer and the nation as a whole, here the politicians find ways to make the richer even richer while telling you they are only looking out for your safety.
 
2012-12-29 09:27:30 PM

namatad: Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term

plus with national healthcare, there is no profit. cost + maybe some overhead = cheap.


again, very minor. japan limits provider profit, and that is the massive bit. you've got private health insurance on the brain because obama did not possess the nuts to go after the real bad guys and decided to pick a fight with the insurance companies while doing both of their bidding.
we don't have a public option because the providers didn't want it. healthcare corporation of america didn't want it, and that's who obama made the deal with.
 
2012-12-29 09:29:18 PM

relcec: the only reason the current account deficit isn't a big problem right now, even before a medicare disaster, is most of the rest of the world Europe is in shiat at least as deep as us,


Fixed.

relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.


They use dollars in Japan?


Yeah, me thinks you only read what you fits your narrative
 
2012-12-29 09:29:52 PM

namatad: So medicare costs are rising slower than inflation now?


Dunno, it's a healthcare inflation chart.  Looks like Medicare is hovering between 2-3%.   The CPI is hovering in the same area.  So they seem to be on par at this point.

namatad: So pretty much a non-problem?


Depends on what you think a non-problem is.
 
2012-12-29 09:37:50 PM

MacEnvy: While I'm happy about it, why have Medicare costs only increased ~2% over the last year or so? Does anyone have a good theory for that?


It is a part of a trend that was started during Clinton admin (Balanced Budget Act of 1997). The act
1) eliminated overpayments to private insurance companies that participate in Medicare Advantage
2) reduced annual payment updates for hospitals and other providers
3) lowered prescription drug costs

Then in 2001 and 2003 Congress and Bush enacted large tax cuts, a new Medicare prescription drug benefit and increased Medicare Advantage payments - none of which was paid for. Medicare costs scooted up more rapidly.

Clinton was elected President and ACA became law. Obamacare
1) reduced payments for a variety of services, particularly imaging and home health services
2) limited special payments to disproportionate share hospitals (DSH), which serve large numbers of uninsured patients
3) reduced overpayments to private insurance companies that participate Medicare Advantage

The obvious common component is Medicare Advantage plans. They are expensive.

Ref Link
 
2012-12-29 09:40:39 PM

Delay: Clinton Obama was elected President and ACA became law. Obamacare


Oops. FTFM
 
2012-12-29 09:43:37 PM
Stay off target!
 
2012-12-29 09:45:20 PM
Chillax people. ACA will fix everything wrong in this country. Obama is the smartest person on the planet.. just ask him.
 
2012-12-29 09:45:44 PM

relcec: namatad: Ed Willy: relcec: it's not your insurance company that is charging you $1800 for an mri scan (that's not including the labor component) they charge $89 for in japan.

National healthcare in Japan. The sick get help early, keeps cost down long term

plus with national healthcare, there is no profit. cost + maybe some overhead = cheap.

again, very minor. japan limits provider profit, and that is the massive bit. you've got private health insurance on the brain because obama did not possess the nuts to go after the real bad guys and decided to pick a fight with the insurance companies while doing both of their bidding.
we don't have a public option because the providers didn't want it. healthcare corporation of america didn't want it, and that's who obama made the deal with.


You are aware that ACA massively expanded who is covered by Medicare and in most places you can get healthcare providers that are non-profits? You seem to pretend that the only options are for profit healthcare providers and that just isn't true.
 
2012-12-29 09:49:17 PM

diaphoresis: Chillax people. ACA will fix everything wrong in this country. Obama is the smartest person on the planet.. just ask him.


No one said it will fix all the problems. They said it is just better than the current system which is the most expensive in the world, with tens of millions uncovered and medical costs the number one reason for bankruptcy.
 
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