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September 06, 2007
So Speaketh the New York Times Editorial Board
Well, now, the august editorial board of the New York Times has issued a report card, and we'd better butter Daddy up before we show it to him. Yes, the new Medicare Part D drug benefit has reduced the percentage of older Americans without drug coverage. But many enrollees are "less protected against high drug costs then their counterparts in other plans." The Times' explanation? Part D is insufficiently generous.
It's really quite amazing. In other contexts, the Times opposes increases in the federal budget deficit; so from where would the additional Part D spending come? On that question, the Times offers... silence. A nice tax increase, perhaps? How about allowing the federal behemouth to impose price controls on the drugs it purchases? Does the Times believe that there is a free lunch awaiting us amid the low-hanging fruit? Please, oh Times editorial board: Tell us the answer.
Posted by Benjamin Zycher at September 6, 2007 05:30 AM
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