President Barack Obama's Council of Economic Advisers issued a report earlier this month estimating that as much as 30 percent of Medicare spending is unnecessary for improving health outcomes. Given such opportunities for easy savings within government, and Medicare's weighty influence in the broader system (many private insurers set payments by adding a percentage to Medicare's rates), it would make sense to reform Medicare first, see what works and what doesn't, and then apply the lessons of that process later to any system-wide fix. Unfortunately, Obama and Democratic congressional leaders are hellbent on turning the system upside down with radical reforms that are sure to have vast and unexpected consequences.
Read it all here.Here is an interesting comment to this editorial from a reader:
"...have all Fed employees - especially Congressmen - try out the new system for a couple of years before they inflict it on the rest of us. When Congressmen no longer get VIP treatment at Walter Reed, then maybe I'll think their system is good enough for me."
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