Tuesday, June 23, 2009

Oh That's Fine. I'm Sure They'll Figure It Out Eventually. . .

::ahem::

The White House has tried to gin up lots of enthusiasm about their proposal to save $80Bn on prescription drugs, creating a (small fractional) offset of the $1Tn+ cost of Obamacare.

One problem. That 80 billion dollars is over ten years, and the details of the plan go something like this:

Step 1: Save $15B on reducing costs of prescription drugs to seniors on Medicare who fall into the "donut hole"
Step 2: ???
Step 3: Congratulations! You save $80 Billion! Good Job Oh President!"

Please excuse my lack of enthusiasm for this idea.

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