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Volume 7, Number 11
March 18, 2010


In the Spotlight

The Myth of the Costs of Failure

Stephen T. Parente, Ph.D., Anthony T. Lo Sasso, Ph.D., Medical Progress Today, 3-18-10

This week the Commonwealth Fund released a study claiming that the lamentable 17.7% of GDP that health spending will comprise in 2010 could have been averted had only the Nixon, Carter or Clinton health reform proposals been enacted. Had the Clinton plan been passed health spending would have been reduced to 14.2% of GDP; it may come as a surprise to some that Carter had a comprehensive healthcare reform plan, but had it been implemented health care spending would have been reduced to a startling 11.5% of GDP; Nixon's plan tops them all by reducing spending on health care to 10.7% of GDP, nearly approaching the spending of other industrialized countries (9%). The fact that the policies of the widely known patron saint of the liberals, Richard Nixon, are held up as the greatest missed opportunity in a generation should give even ardent supporters of reform-at-any-cost pause.
Continue reading . . .


· Medical Device Recalls and the FDA Approval Process, Zuckerman, D. M., Brown, P., Nissen, S. E., Archives of Internal Medicine, 6-14-11
· Patent Reform Gets Key Support in House, Julian Pecquet, The Hill, 6-14-11
· $4.3 Billion Pledged at Vaccine Fund-Raiser, Donald G. McNeil Jr., New York Times, 6-13-2011
· Physicians Leaving Practices for health System Employment, Karen Cheung, FierceHealthcare, 6-13-11

More Headlines >>


· Marco Rubio takes on 'Medi-scare' Marc A. Thiessen, Washington Post, 6-13-11
· 'Vouchercare' Is the Right Name for Medicare Laurence Kotlikoff, Bloomberg, 6-15-11
· Built To Fail: Health Insurance Exchanges Under The Affordable Care Act
· Can Exchanges Help Consumers Get Good Value Insurance? Depends On Where You Live Sabrina Corlette, Kaiser Health News, 6-15-11
· The ObamaCare Bad News Continues Karl Rove, Wall Street Journal, 6-16-11
· ObamaCare's Economic Flaws Doug Holtz-Eakin, Investor's Business Daily, 6-8-11

More Commentary >>


· Why States Are So Miffed about Medicaid — Economics, Politics, and the "Woodwork Effect", Benjamin D. Sommers et al., New England Journal of Medicine, 6-15-11
· Auditing Access to Specialty Care for Children with Public Insurance, Joanna bisgaier et al., New England Journal of Medicine, 6-16-11
· Moving Beyond Fee-For-Service: The Case for Managed Care in Medicaid, Michael Ramlet and Carey Lafferty, American Action Forum, 6-14-11
· The New Gold Rush: Prospectors are Hoping to Mine Opportunities in the Healthcare Industry, Health Research Institute, PricewatershouseCoopers, 6-14-11
· Active Purchasing for Health Insurance Exchanges: An Analysis of Options, Sabrina Corlette and JoAnn Volk, RWJF, 6-14-11

More Research>>

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The Myth of the Costs of Failure

Podcast Series

Douglas Holtz-Eakin, president American Action Forum and Commissioner on the Congressionally-chartered Financial Crisis Inquiry Commission. Since 2001, he has served in a variety of important policy positions. During 2001-2002, he was the Chief Economist of the President’s Council of Economic Advisers (where he had also served during 1989-1990 as a Senior Staff Economist).

Click here to listen to the podcast

"The presumption with the credit agencies has always been that the US will get its act together, slow the growth of spending, and it will get rid of these large deficits. If we pass this [health care] bill, we will have taken a decisive step in the wrong direction."
Douglas Holtz-Eakin

Experts Discuss Health Reform Legislation in Our "Second Opinion" Expert Forum!

Expert Panel:
  • Diana Furchtgott-Roth
  • David Gratzer
  • Douglas Holtz-Eakin
  • Tom Miller
  • Michael Tanner
  • Grace-Marie Turner

Click here to read their second opinions.
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