August 2, 2014

Targeting 'Waste and Abuse' Won't Bend the Health Cost Curve

In stressing the urgency of reform, the President has repeatedly warned that runaway health-care spending poses a grave threat to the nation’s fiscal and economic future. “Our health-care problem is our deficit problem,” he pronounced in his address to Congress last month. “Nothing else even comes close.” Yet the reform strategy that the President outlined and all of the bills that Congress has produced focus on expanding insurance coverage, not controlling costs. Indeed, to the extent that they would save any money at all, it is merely to offset the extra budgetary cost of more—not less—health-care spending.

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