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Politics : Politics for Pros- moderated

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From: LindyBill	7/17/2009 5:59:18 AM
	1 Recommendation Read Replies (3) of 793671

Healthcare Thought of the Day By Greg Mankiw The AP reports: From the beginning of the health care debate, Obama has insisted that any overhaul must "bend the curve" of rapidly rising costs that threaten to swamp the budgets of government, businesses and families. Asked by Senate Budget Committee Chairman Kent Conrad, D-N.D., if the evolving legislation would bend the cost curve, the budget director responded that — as things stand now — "the curve is being raised." Explained [CBO Director Doug] Elmendorf: "In the legislation that has been reported, we do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount. And on the contrary, the legislation significantly expands the federal responsibility for health care costs."

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