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Thursday, April 14, 2011

Health Care

News                                                                                                                             
CNN: Money | Obama lays out plan for cutting Medicare, Medicaid
The proposal, which would save $340 billion over the next 10 years, relies on controlling prescription drug costs and overhauling how the federal government funnels Medicaid money to states. It also gives more cost-cutting power to an advisory board created by last year's health care reform law.
NationalJournal | Gov. Patrick: Mass. Health Budget Woes Due to Premium Costs
This week marked five years since Massachusetts passed the landmark health care law, which was the framework for President Obama’s health care reform. While the state celebrates having 98 percent of the population insured, rising premium costs are crippling the government.

Econ Comments                                                                                                             
RCM | Tackling the Runaway Medicare Train
With the 2011 budget battle seemingly resolved, the Republicans and President Obama are turning to the federal budget for fiscal year 2012, which starts October 1.
Washington Times | ARCHAMBAULT: Massachusetts model mismatch
More states should have experimented before Washington imposed a health care plan.

Blogs                                                                                                                             
Greg Mankiw's Blog | Two Visions for Medicare
What I found most interesting is the contrast between the President's vision for Medicare and Congressman Ryan's.  There are two major issues:
Fiscal Times | Obama Blasts Obamacare
President Obama addressed the nation yesterday, unintentionally providing a devastating critique of his healthcare bill. In speaking about the need to reduce our out-of-control deficit, Mr. Obama made it abundantly clear that soaring healthcare expenditures are one of the main sources of our fiscal woes.