August 10, 2011

IT DOESN'T HELP THAT THE RIGHT NEVER UNDERSTOOD THE VICTORY:

George W. Bush, Health Reformer: Flat Medicare Drug Premiums Show That Choice and Competition Work (Avik Roy, 8/10/11, Forbes)

Yesterday, The U.S. Department of Health and Human Services released data on average premiums for Medicare Part D, also known as Medicare's prescription drug benefit. The average Medicare Part D premium in 2012, HHS projected, would be around $30.00, compared to the 2011 average of $30.76. "The announcement was based on bids submitted by Part D plans for the 2012 plan year," HHS stated.

Stop right there and think about that. With all the teeth-gnashing about the inexorable rise of health costs, when have you ever heard about a health care program whose costs go down? Where are the celebratory articles from health wonks, pointing out that we may have found a way to bring the explosive growth of health spending under control?

There's a reason you haven't seen those articles: because Part D proves wrong the progressive conventional wisdom, that rising costs is a Rubik's Cube that only boards of government-appointed experts can solve. Plus, Medicare Part D was passed at the behest of a certain former President who progressives don't like. (Hint: his middle name is Walker.)


It may well be that the only national political leader with the nous to effect similar reforms to the rest of the entitlement programs is his brother.


Posted by at August 10, 2011 10:10 PM
  

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