MSNBC posted an article stating that “Top representatives of the health care industry plan to offer $2 trillion in cost reductions over 10 years” to satisfy President Obama’s plans to overhaul the health care system.
Does this mean that they’re going to spend $200 billion less each year for the next 10 years? Doubt it.
I’ll wait to hear the plan in depth, but my cynical side is getting the better of me right now. I’m betting that the plan will just be pulling the ol’ grocery store trick of marking a 79 cent can of beans up to 99 cents then putting it on “sale” for 89 cents so that everyone thinks they’re getting a bargain — when in fact they’re actually paying more.
With health care spending at $2.4 trillion in 2008 and rising each year, I imagine the plan will go something as follows:
“We were projecting that we would have to spend $40 trillion for health care over the next 10 years, but, through a complex mathematical model, we’ve figured a way to spend only $38 trillion instead. Check us out … Now where’s that stimulus money at?”