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.
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