Just days after a so-called “watershed moment ” (President Obama’s words, not mine), the people who promised to cut costs by 1.5 percent a year for the next 10 years, thus saving the country $2 trillion, have backed off.
“There’s been a lot of misunderstanding that has caused a lot of consternation among our members,” Richard J. Umbdenstock, the president of the American Hospital Association, said today. “I’ve spent the better part of the last three days trying to deal with it.”
He said the promise was for a gradual cut and that the groups never promised a specific amout per year.
Funny, but I recall the announcement, and it said 1.5 percent per year and $2 trillion. Nobody quibbled with that until Umbdenstock had time to talk to his cronies on the phone and discovered they didn’t want to make such lofty projections.
Another reason not to trust the medical-industrial complex with reform.
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