Monday, May 11, 2009

The Obamacare Gambit

Obama's health care announcement that several health care industry groups are signing on to pledge to reduce health care costs by $2 trillion over 10 years has garnered a lot of praise, but many people besides myself are wondering what the other shoe dropping is.

The Kroog likes the plan, but wonders what the real costs are. Jon Cohn seems to think there's a real opportunity, but doesn't trust the players. Matt Yglesias figures the health care guys will have to meet their promises, but Ezra Klein flat out smells a rat.

We'll see what legislation comes out of all of this. Without a public option as an alternative to private insurance, the plan is all but worthless.

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