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To: RetiredNow who wrote (125793)11/29/2009 10:09:10 AM
From: RetiredNow  Respond to of 542139
 
MIT analysis backs Obama
politico.com

A new analysis by a leading MIT economist provides new ammunition for Democrats as the Senate begins formally debating the historic health-reform bill being pushed by President Barack Obama.

The report concludes that under the Senate’s health-reform bill, Americans buying individual coverage will pay less than they do for today's typical individual market coverage, and would be protected from high out-of-pocket costs.

So Democrats will argue that under the Senate bill, Americans would pay less for more.

The new document arms Democrats with a response to the contention of Senate Minority Leader Mitch McConnell (R-Ky.) that the bill would mean “higher premiums, higher taxes, and massive cuts to Medicare.”

The “microsimulation” analysis is by Jonathan Gruber, an economist at the Massachusetts Institute of Technology and a Treasury Department official under President Bill Clinton. Gruber used data from the Congressional Budget Office.

Gruber concludes that people purchasing individual insurance would save an annual $200 (singles) to $500 (families) in 2009 dollars. And people with low incomes would receive premium tax credits that would reduce the price that they pay for health insurance by as much as $2,500 to $7,500.

The report will be circulated to Capitol Hill this week. Read the four-page report here.

Gruber’s conclusion: “[F]or those facing purchase in the non-group market, the … bill will deliver savings ranging from $200 for singles to $500 for families in today’s dollars – even without subsidies. The savings are much larger for lower income populations that receive premium credits.

“This is in addition to the higher quality benefits that those in the exchange will receive, with actuarial values for low income populations well above what is typical in the non-group market today. It is also in addition to all the other benefits that this legislation will deliver to those consumers – in particular the guarantee, unavailable in most states, that prices would not be raised or the policy revoked if they became ill.”

Gruber was among the 23 Ph.D. economists who sent a letter to Obama on Nov. 17 endorsing his approach to health-care reform. Read the economists’ four-page letter here.



To: RetiredNow who wrote (125793)11/29/2009 10:12:14 AM
From: Dale Baker  Read Replies (1) | Respond to of 542139
 
If someone is going to argue that a particular policy approach is the only realistic choice, and other choices lead to our doom, then they better make sure that actual implementations of that policy succeeded in the modern era. Otherwise it's exposed as mostly huff and puff and bluster.

I've dealt with neocons since some of my professors in grad school. They were the old school 1970's guys who started the whole thing. There are some good points in their arguments but the whole swagger and bragging alpha male bullshit is just that, a self-indulgent bit of tripe.

If America still wanted that foreign policy today after eight years of hardcore neocons running things, John McCain would be president. Pure and simple. The political market has spoken.