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Medicare saves money, Paul Krugman argues: Yes, adjusting for inflation, Medicare spending per...

Medicare saves money, Paul Krugman argues: Yes, adjusting for inflation, Medicare spending per beneficiary rose more than 400% from 1969-2009. But inflation-adjusted premiums on private health insurance rose more than 700% over the same period. "So while it’s true that Medicare has done an inadequate job of controlling costs, the private sector has done much worse."
Comments (16)
  • Joe Morgan
    , contributor
    Comments (1610) | Send Message
    Looks like Krugman wants a government position.....too much commentary in favor of the administration and big government....


    And NO, Mr. krugman, medicare and all the entitlement programs are NOT sustainable, they need to be cut right away...


    In other news, Obama is in full campaign mode, he goes tomorrow for Puerto much for his priority of jobs....
    13 Jun 2011, 05:14 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1225) | Send Message
    So Krugman's argument on the race to hell is that he who gets there the fastest wins?
    13 Jun 2011, 05:30 PM Reply Like
  • Duude
    , contributor
    Comments (3403) | Send Message
    What Krugman fails to understand is that hospitals have passed on the shortfalls they received with Medicare to private insurance. Hospitals also do this with the shortfall they get with medicaid and emergency services they provide to people who ultimately don't pay their bill. They pass those additional costs to cash paying patients. Now lets fast forward to the healthcare world Krugman really wants. His support is with government paid healthcare. With that, there is no private payer to pass the shortfall to.That could only lead to rationed care, and dwindling quality.
    13 Jun 2011, 05:34 PM Reply Like
  • Fr33f0rm
    , contributor
    Comments (300) | Send Message
    Insurance companies and Medicare are both playing "hot potato". Hospitals have to bill 100% more than they expect because of insurance company billing tactics.


    The bottom line is that if a person is dying, they will pay anything to stay alive and so healthcare costs will go up ad infinitum (including insurance and government-sponsored insurance (Medicare)) unless controls are put in place.


    The free market doesn't function efficiently when death is on the line so I'm tired of the "free market will solve everything" crowd taking the libertarian stance.
    13 Jun 2011, 07:22 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3532) | Send Message
    "The bottom line is that if a person is dying, they will pay anything to stay alive"


    My own experience is that when a person is dying, they want to do it with the dignity that hospice provides. The vast majority of those I know don't want to be kept alive by a machine or taken out by a lethal injection. But then, most of the people I know believe in God and in an afterlife that they have prepared for over a lifetime.
    13 Jun 2011, 09:06 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4276) | Send Message
    Duude: Krugman understands all too well, but he doesn't understand people like you who prefer free markets and individual liberty to the comforts and restraints of socialism.
    13 Jun 2011, 05:45 PM Reply Like
  • ParkerStorm
    , contributor
    Comments (735) | Send Message
    This is a good article on this subject. I would hope people will go and read the entire article before commenting. Mainly they should go ahead and raise the age for full draw from 65 to 67. Also to help they should have no limit on what people pay in from their pay checks. If they make enough to get to that point the extra withholding for this purpose should not make any difference in their lifestyle. For those that do not know it is still not a free ride even when you get on the program. I pay $1,158 annually to Social Security for my coverage plus $1,731 annually to BCBS for doctor / hospital, plus $499 annually to BCBS for the drug coverage. That comes to $3388 annually or $282 per month. Based on what I now pay plus paying in the maximum all of my working life I will have to get to 82 to get it all back. Also if you get a COLA increase it will go to increased premiums and BCBS like all providers will raise their premiums ever year. They give you the rate schedule when you sign up. I do think they have a cut off premium raise rate to some where when I get in my 90's. The real issue for retired people is if you live long enough you probably will not be able to afford the additional coverage. I guess I missed something. Was not Obama care supposed to shut off the insurance companies from doing this? For anyone that can afford the additional coverage this is a good program. For those that cannot to me it becomes more like a second class insurance program. We need in this county good care for all. The number one killer of people in this country is like of health coverage. Good Luck.
    13 Jun 2011, 05:55 PM Reply Like
  • User 487974
    , contributor
    Comments (1105) | Send Message
    Hey Paul, how about giving you butt a break! You talk the same communist/socialist/pr... crap day after day. You have to be as tired of this nonsense as we are of putting up with it.
    Go over to the Middle East and see how well this progressives "Arab Spring" is working out.


    Stand tall, stand united with Israel! I thought you were of the Zionist persuasion Paul. Act like a proud Jew and renounce this bastardization of American ineffectiveness!
    History will never be corrupted and our constitutional liberties will prevail.America's God given rights shall never be taken away by any man, Obama included!
    13 Jun 2011, 06:46 PM Reply Like
  • Puddy
    , contributor
    Comments (4) | Send Message
    Howdy, from Texas:


    Don't let an insular lifestyle keep you from knowing what is really going on with this country.


    Free markets and liberty (?) Like Goldman Sachs?:


    Corporate Welfare
    Clinton left office with a surplus in the coffers.
    BP oil spill due to negligence


    Millions of dollars intended for Katrina disaster here diverted to redo Governor's mansion.


    40% of Texans don't have health insurance.


    No control of our borders. And none wanted. Cheap labor.


    Illegal aliens here can get legal drivers licenses which opens the door for lots of other things.


    Food stamps and free medical care for illegal aliens. This translates into mucho dinero which goes to Mexico while we subsidize this.


    Many of our poor and elderly Texans do without adequate food, health care, necessary medicine and then die in the heat.


    City of Houston has even set up little buildings so illegals can solicit handyman jobs from the locals. Cash paid, no taxes.


    Our schools now rank toward the bottom nationally. And we hire teachers from Mexico.


    I just can't say enough about how beloved free markets are!
    13 Jun 2011, 07:44 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4276) | Send Message
    " I just can't say enough about how beloved free markets are!"
    There are very few free markets. Most are rigged by the participants. Regulation has not been very effective and, in many cases, like health care, government has exacerbated the problem."Giving money and power to government is like giving whiskey and car keys to teenage boys."
    P. J. O'Rourke
    14 Jun 2011, 09:25 AM Reply Like
  • Glocks-n-Gold
    , contributor
    Comments (208) | Send Message
    You say Krugman, I say Douche Bag...
    13 Jun 2011, 07:46 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1225) | Send Message
    Enjoy your comments before the lame SA staff removes them! I called Krugman a govt-shill and SA removed my comment! Why bother with this website if its being managed by incompetent obamatrons who can't take any criticism towards the liberal baby Jesus?


    SA Editor - contact me and kindly explain yourself!
    13 Jun 2011, 07:54 PM Reply Like
  • Christopher Grey
    , contributor
    Comments (117) | Send Message
    Why doesn't Paul Krugman just finally come out and say what he really believes, which is that communism is better than capitalism? Comparison of cost increases in Medicare versus private health insurance is like comparing cost increases at Goodwill thrift stores versus Bloomingdales. It's not an apples to apples comparison of the care being provided to people. This man really is a frothing at the mouth propagandist for communism rather than a real economist.
    13 Jun 2011, 10:19 PM Reply Like
  • Rob Viglione
    , contributor
    Comments (331) | Send Message
    Well said...rationed care can be truncated in scope to limit expenses, but that has no bearing on value comparisons.
    13 Jun 2011, 10:37 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3532) | Send Message
    Just got back from the doctor today, a neurosurgeon that my primary sent me to for a second opinion. His recommendation was not surgery but anti-inflammatory (generic) tablets. I have Medicare and BCBS but he opted for a low cost treatment. His closing comment was, "as bad as your back is, you look pretty good". So right now I feel pretty good about the medical profession not trying to rip off the government.
    13 Jun 2011, 10:49 PM Reply Like
  • surfgeezer
    , contributor
    Comments (8670) | Send Message
    LOL. Not 1 comment noting the 50% increase in the TAXES paid for the increase in benefits, or the huge % of government revenue now paid as taxes for these benefit costs.
    Social Security and almost all insurance has "unfunded liabilities". They all rely on new money and the original receivers did not pay in at all.
    Facts never work with partisans
    Yes medical costs are up, duh. So is our ability to save lives, again duh.
    Seems we just had an attempt to cut costs and it quickly devolved into ridiculous partisanship about whether we should even HAVE healthcare. When a study to quantify effectiveness of drugs, to be released to doctors is called death panels by pharmacy lobbyist stooges and lawyers tort reform is off the table it leaves little hope. I believe the political decision to not allow moderates to negotiate in earnest, for political gain with the wings in 2010 will be a problem in 2012 as medical costs rise more.
    14 Jun 2011, 04:22 AM Reply Like
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