Thursday, June 4, 2009

Obama's Voodoo Health Economics - WSJ.com

Obama's Voodoo Health Economics - WSJ.com: "Two-thirds of annual health spending increases are the result of the rapid development and use of new medications and devices, according to the CBO. But, as the CBO reminds us, these innovations 'permit the treatment of previously untreatable conditions.' If you had a heart attack in the 1980s and made it to the hospital you had only a 60% chance of living a year. Now your chance is over 90%. No one wants 1980s medicine at 1980s prices. And in 10 years, no one will want 2009 care."


Let Obama "reform" our healthcare, and in ten years we WILL have 1980's medicine, but at 2019 prices.



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