UPDATE: Oh, hell, I’m reprinting the whole thing.
Ms. Chana Joffe-Walt and Mr. David Kestenbaum
All Things Considered
National Public Radio
Dear Ms. Joffe-Walt and Mr. Kestenbaum:
Your excellent February 26, 2010, report on the history of how government officials chose the different methods that Medicare has used over the years to determine doctors’ pay is frightening because…
… in your report, Joe Califano, a chief architect of Medicare, admits that the first method of determining doctors’ pay was chosen for political reasons, namely, to buy doctors’ support for Medicare.
… you report that Mr. Califano, LBJ, and Congress were genuinely surprised by the rapid cost increases sparked by this first method.
ends with the admission that, because the current method isn’t working so well, Uncle Sam – 45 years after Medicare was launched – is still searching for a sound method for determining physicians’ pay.
Given this history, what reason is there to suppose that Obamacare is a good idea?