Monday, November 15, 2010

Orszag on Bowles/Simpson

Peter Orszag in today's NYT defending the Bowles/Simpson plan to extend actuarial life of Social Security. I would prefer the proposed Soc Security fix to not fixing it, but would still rather not raise the retirement age. However, I agree with the spirit of this piece (as I wrote in the previous two posts) that the Bowles/Simpson proposal is a serious one that is very useful to help us move ahead. In particular, for all the politicians who were saying they would support health reform if only it did more on costs, what Bowles/Simpson outlines is what that will look like: capping the unlimited tax expenditure for private insurance, and amping up the Medicare programs ability to influence what/when/how care is reimbursed.

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