ObamaCare: Rationing or just hype?
With apologies to Jon Stewart for my offensive title, but an interesting video deserves some attention. This is a video of Peter Orszag, Obama's budget director on the implementation of the Independent Payment Advisory Board (IPAB). Essentially once you get past all the political correctness you will realize that the idea in the long term is to reduce quantity, well, of course increase quality too. If you believe those two are mutually exclusive like the Obama administration then you might also believe that ending all hunger should be accomplished by 2012. Oh, Bibi just called and apparently he met with Hamas and he is handing Jerusalem over to the Palestinians. Ok, back to reality. Yes, we have a problem in this country, no doubt about it. Our medical cost curve toward end of life looks like a parabola. This is probably common sense, as people get older they generally consume more health care. However due to LBJ's great society this consumption generally happens