Health Care’s Dueling Economists
Last week, President Barack Obama touted a letter sent by economists backing the Democrats’ health-care legislation. Not to be outdone, House Minority Chief John Boehner released his own economists’ letter opposed to the overhaul.
The health care reforms passed by the House and Senate — with recent modifications proposed by President Obama — include serious measures that will slow the progression of health care spending. Putting the brakes on health care spending will take multiple measures, and we must start now. Democratic and Republican experts have proposed many uncommon approaches to ?bending the cost curve.? The President’s proposal incorporates a long list of measures that will control rising costs and underline each other.
As ahead of schedule as this week, the House of government will vote on the Senate-passed health care bill as well as a reconciliation package making changes to the bill. While Speaker Pelosi asserts that health care reform will make four million jobs, we disagree. In our view, the health care bill contains a number of provisions that will eliminate jobs, reduce hours and wages, and limit future job creation.
The links above include the full list of signatories.