Obama’s Magical Mystery Tour of Health Care Savings – Megan McArdle

Obama’s Magical Mystery Tour of Health Care Savings – Megan McArdle

This is all very well as political theater; politicians convene never-never working groups all the time. But, being perhaps too cynical, I suspect that the announced plan to save $2 trillion is going to be used to sell Obama’s healthcare plan as if we’d already found it. Then when oh, darn, the SEIU doesn’t agree to hold down wages or eliminate jobs, and pharma ratchets up the average price it charges the private sector to make sure it doesn’t lose too much on its mandatory Medicaid discounts, etc, well, we’ll all just have to dig into our pockets to pay for it, won’t we?

Well, now that the economists are on board, full speed ahead!