1 1/2% savings = $2 trillion dollars ??

[kentuck]

The healthcare industry is meeting with our President today. They have agreed to cut the costs in the "increase" of medical care by 1 1/2% over the next ten years. That is supposed to save us $2 trillion dollars. Think of how much we could save if they could cut their increases by 25% over the next 10 years?

What if the prices go up 2% more this year than planned? They cut that by 1 1/2%? It's good that they are sitting down at the table but we should not be deceived into believing that they are giving up anything.

Also, are we to assume that all these savings are only in the planned increases in costs? If they froze all the increases, 100% of them, that would be over $100 trillion dollars? How are we to figure out these numbers?

[SemiCharmedQuark]

1. Screw them. I hope that Obama's take on it is not as rosey as the news story leads us to believe.