President Barack Obama is seeking to help pay for his health care plan by sharply reducing the government’s medical spending, mainly by trimming payments to prescription drugmakers, hospitals and other care providers.
His ambitions are thick but the details thin; the president and his aides said specific ways for achieving the cuts will be decided later. The negotiations could trigger fierce political battles between powerful industries trying to protect their profits.
I am looking for input… has there ever been a government program implemented within the projected budget?
The administration is claiming that they will be able to implement meaningful health care reform by reducing spending/ costs. Really? They believe they will be able to save money on medications and payments to hospitals for the uninsured. First, pharma has a very powerful lobby so it is unlikely they will achieve cost controls on the drug side. Second, a lot of the funding to hospitals is for resident education. How will the current reform efforts affect graduate medical education while achieving the cost controls they are looking for? That will be an interesting balancing act… our academic medical centers are already working with razor thin margins as it is and most are losing money in this current economic environment.
The next few weeks should be very interesting.