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Friday, June 3, 2011

Health Care

News                                                                                                                             
National Journal | Colorado Moves Forward on Insurance Exchanges
Colorado Gov. John Hickenlooper signed a bill on Wednesday to set up a marketplace for individuals and small businesses to buy health insurance, making it the eighth state to voluntarily set up the exchanges since President Obama signed the 2010 health care law.

Econ Comments                                                                                                             
Washington Times | DONATELLI: GOP mustn’t go wobbly on Medicare reform
Public will listen if we just point out the impending financial crash.
Washington Times | EDITORIAL: Obamacare’s unlimited power
White House health care plan represents massive government expansion.
WSJ | What Paul Ryan's Critics Don't Know About Health Economics
A premium-support system would create the right incentives for cost cutting without putting undue burdens on seniors.
Politico | Ryan plan would endanger Medicare
The Center for Economic and Policy age of 55, they will have to save an extra $182,000 for retirement to pay for their health care costs if the Republican plan is enacted. For those in their thirties, they will have to save an extra $400,000 on top of regular retirement savings, to pay for health insurance in their golden years.

Blogs                                                                                                                             
Atlantic | Medicare Pilot Program Fails to Achieve Significant Cost Control
In 2010, the final year, just four of the 10 sites, all long-established groups run by doctors, slowed their Medicare spending enough to qualify for a bonus, according to an official evaluation not yet made public. Two sites saved enough to get bonuses in all five years, the evaluation shows, but three did not succeed even once.
Atlantic | Why Hasn't Anyone Signed Up For the High-Risk Health Insurance Pools?
I've predicted that lots of parts of Obamacare will not work the way they're expected to.  But here's one I wouldn't have predicted: the high-risk pools, which were meant to tide people over until 2013, have signed up just 18,000 people as of March.
Heritage Foundation | Liberals’ Main Medicare Cost-Reduction Strategy Already Proves Ineffective
Typically, demonstration programs exist to prove the effectiveness of a reform proposal before implementing it nationwide. This was apparently forgotten in the drafting of Obamacare, which relies heavily on accountable care organizations (ACOs) to curb runaway spending in Medicare and the health care system at large.