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Wow!: Medicare Spending Edition

Bending The Curve - Paul Krugman Blog - NYTimes.com

Paul Krugman writes:

Bending The Curve: The new Medicare Trustees Report... Table IIIA-2 in this year’s report and last year’s report.... [T]he Medicare actuaries believe that the cost-saving provisions in the Obama health reform will make a huge difference to the long-run budget outlook. Yes, it’s just a projection, and debatable like all projections. And it’s still not enough. But anyone who both claims to be worried about the long-run deficit and was opposed to health reform has some explaining to do. All the facts we have suggest that health reform was the biggest move toward fiscal responsibility in a long, long time.

Not the biggest move toward long-run fiscal responsibility in a long time. Not the biggest move toward long-run fiscal responsibility in a long, long time.

It is the biggest move toward long-run fiscal responsibility ever.

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