Sunday, May 17, 2009

Reform But Not Reformation

The year for health care: "'The stars are aligned' for health care reform this year, President Obama said Wednesday.

We'll soon find out. The signs are awfully encouraging: House Speaker Nancy Pelosi has set an ambitious time frame of July to get legislation on the floor. Instead of fighting tooth and nail against any changes, representatives of the health care industry have pledged to cut cost increases by 1.5 percent per year, potentially saving $2 trillion over the next 10 years. And even some businesses are nominally on board: Obama met with executives from enormous companies that have successfully cut their own health care costs, including Safeway, Johnson & Johnson and Microsoft.

Still, trouble lurks just below the surface..."

1 comment:

billy pilgrim said...

reducing cost increases by 1.5% still ilmplies that there'll be increases.

meanwhile the medical industry will keep coming up with new more expensive procedures.

what killed general motors; health care and pensions. i'm not optimistic.