Good timing.
In a post on Monday I wondered whether “the right kind of healthcare reform could make U.S. business more competitive and put more spending money in the pockets of consumers.”
Yesterday, the President’s Council of Economic Advisers released a report projecting that ”lowing the annual growth rate of health care costs by 1.5 percentage points would increase real gross domestic product (GDP), relative to the no-reform baseline, by over 2 percent in 2020 and nearly 8 percent in 2030. For a typical family of four…income in 2020 would be approximately $2600 higher than it would have been without reform.”
I have no idea if this estimate is reasonable or not (I’m not an economist, nor do I play one on TV). I will say that it sounds logical that a more efficient, lower-cost healthcare system should have a positive impact on our economy and our wallets. How much, I suppose, is up for debate. But let’s hope CEA knows what it’s talking about.
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