Wednesday, September 16, 2009

The Health Care Blog: Is an IOM v. CBO Smackdown Looming on Health-Reform Costs?

The U.S. can cut health-care spending by $250 billion a year within a decade, a congressionally chartered panel will say this month in a bid to show costs can be contained even if all Americans are insured.

A report from the Institute of Medicine, which advises the federal government on health care, will counter “stingy” estimates from the Congressional Budget Office, said Arnold Milstein, planning chairman of the institute’s working group on health costs. The panel’s annual figure is five times the amount the budget office says the U.S. will save under a bill in the House of Representatives, according to the budget office’s July 17 letter to House Ways and Means Committee chairman Charles Rangel.

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