Warren Buffett


The Presidentís Health Plan Wonít Cut the Budget Deficit

Here’s the conclusion of my latest column for Kaiser Health News:

The federal government is piling up new debt at rates not seen since World War II. As Warren Buffett said recently, what the country desperately needs is a serious plan to slow the pace of rising health care costs.

What the president’s plan would deliver, however, is dead-certain entitlement spending, financed with speculative revenue and spending cuts that almost certainly will not work as advertised. The president says Congress should pass his plan to improve the budget outlook. In fact, Congress should reject it to protect the budget from more unfunded entitlement obligations.

The whole column, which explains the ways that the White House has been understating the cost of its proposed health care plan, can be found here.

posted by James C. Capretta | 8:27 am
Tags: White House plan, Warren Buffett
File As: Health Care