Monday, April 19, 2010

Getrting the Numbers Right

The projections for 2010 Medicaid spending are $412 B and are estimated to grow to $513 B by 2013 and that is before the expansion of the Medicaid coverage under the new plan.

In a recent DeLong rant against the Republicans he states:

Yet Another Reason the Country Would Be Better if We Shut the Republican Party Down Today...

Total Medicaid spending this year is currently pegged at $280 billion. How Coburn can think that all $280 billion that will be spent this year on Medicaid is waste--plus an extra $20 billion in waste even though we do not spend it--is beyond me.

I don't have a good feeling about this fiscal commission--not at all.

Well unfortunately for the good Professor, it is $412 B not his $280 B.

The statistics are readily available and the alluded to Coburn suggestion about reducing fraud is truly a major concern about Medicaid.