Health Insurance Reform Will Control Costs

The case continues to build for how Democrats’ health insurance reform legislation will bring down costs and produce long-term savings for families, businesses and the government. Below are good recent analyses on how reform succeeds in meeting the important goal of cost containment.

 

41 Top Economists Applaud Reform Cost Controls: This week, 41 noted economists sent a letter to the President stating their support for the proposed reform legislation on account of the significant cost-saving measures included. [3/11/2010]

 

Reform Includes Nearly all Cost-Cutting Ideas; Saves $600 Billion: The Wall Street Journal ran an op-ed by Harvard Professor David Cutler giving Democrats’ reform legislation credit for including nearly all of the cost-cutting ideas available and estimating actual savings in the first 10 years are closer to $600 billion. [3/9/2010]

 

Krugman Dispels Reform Cost Myths: Economist Paul Krugman discusses how frequently heard attacks that health reform is fiscally irresponsible and won’t contain costs don’t bear truth upon honest accounting. [3/12/2010]

 

LA Times Says Reform Passes Cost Test: The LA Times Editorial Board writes that reform passes the cost control test with flying colors and that Republicans have consistently misrepresented the facts to argue otherwise. [3/12/2010]

 

Orszag to Critics: Reform is No Gimmick: White House Office of Management and Budget Director Peter Orszag wrote a blog post addressing false claims about health reform’s budget impact. [3/4/2010]