Monday, October 29, 2012

Paul Krugman: Medicaid on the Ballot, 16 U.S. nuclear units in the path of Hurricane Sandy

 
Medicaid on the Ballot
 
"Why, then, are Republicans so determined to do the reverse, and kill this success story? You know the answers. Partly it’s their general hostility to anything that helps the 47 percent — those Americans whom they consider moochers who need to be taught self-reliance. Partly it’s the fact that Medicaid’s success is a reproach to their antigovernment ideology."  
 
Paul Krugman
NY Times Op-Ed: October 29, 2012
 
There’s a lot we don’t know about what Mitt Romney would do if he won. He refuses to say which tax loopholes he would close to make up for $5 trillion in tax cuts; his economic “plan” is an empty shell.
 
But one thing is clear: If he wins, Medicaid — which now covers more than 50 million Americans, and which President Obama would expand further as part of his health reform — will face savage cuts. Estimates suggest that a Romney victory would deny health insurance to about 45 million people who would have coverage if he lost, with two-thirds of that difference due to the assault on Medicaid.

So this election is, to an important degree, really about Medicaid. And this, in turn, means that you need to know something more about the program.

For while Medicaid is generally viewed as health care for the nonelderly poor, that’s only part of the story. And focusing solely on who Medicaid covers can obscure an equally important fact: Medicaid has been more successful at controlling costs than any other major part of the nation’s health care system.

So, about coverage: most Medicaid beneficiaries are indeed relatively young (because older people are covered by Medicare) and relatively poor (because eligibility for Medicaid, unlike Medicare, is determined by need). But more than nine million Americans benefit from both Medicare and Medicaid, and elderly or disabled beneficiaries account for the majority of Medicaid’s costs. And contrary to what you may have heard, the great majority of Medicaid beneficiaries are in working families.

For those who get coverage through the program, Medicaid is a much-needed form of financial aid. It is also, quite literally, a lifesaver. Mr. Romney has said that a lack of health insurance doesn’t kill people in America; oh yes, it does, and states that expand Medicaid coverage show striking drops in mortality.

So Medicaid does a vast amount of good. But at what cost? There’s a widespread perception, gleefully fed by right-wing politicians and propagandists, that Medicaid has “runaway” costs. But the truth is just the opposite. While costs grew rapidly in 2009-10, as a depressed economy made more Americans eligible for the program, the longer-term reality is that Medicaid is significantly better at controlling costs than the rest of our health care system.

How much better? According to the best available estimates, the average cost of health care for adult Medicaid recipients is about 20 percent less than it would be if they had private insurance. The gap for children is even larger.

And the gap has been widening over time: Medicaid costs have consistently risen a bit less rapidly than Medicare costs, and much less rapidly than premiums on private insurance.

How does Medicaid achieve these lower costs? Partly by having much lower administrative costs than private insurers. It’s always worth remembering that when it comes to health care, it’s the private sector, not government programs, that suffers from stifling, costly bureaucracy.

Also, Medicaid is much more effective at bargaining with the medical-industrial complex.

Consider, for example, drug prices. Last year a government study compared the prices that Medicaid paid for brand-name drugs with those paid by Medicare Part D — also a government program, but one run through private insurance companies, and explicitly forbidden from using its power in the market to bargain for lower prices. The conclusion: Medicaid pays almost a third less on average. That’s a lot of money.

Is Medicaid perfect? Of course not. Most notably, the hard bargain it drives with health providers means that quite a few doctors are reluctant to see Medicaid patients. Yet given the problems facing American health care — sharply rising costs and declining private-sector coverage — Medicaid has to be regarded as a highly successful program. It provides good if not great coverage to tens of millions of people who would otherwise be left out in the cold, and as I said, it does much right to keep costs down.

By any reasonable standard, this is a program that should be expanded, not slashed — and a major expansion of Medicaid is part of the Affordable Care Act.

Why, then, are Republicans so determined to do the reverse, and kill this success story? You know the answers. Partly it’s their general hostility to anything that helps the 47 percent — those Americans whom they consider moochers who need to be taught self-reliance. Partly it’s the fact that Medicaid’s success is a reproach to their antigovernment ideology.

The question — and it’s a question the American people will answer very soon — is whether they’ll get to indulge these prejudices at the expense of tens of millions of their fellow citizens.  

* * *

 
 U.S. nuclear units in the path of Hurricane Sandy  2:12PM ET on Friday Oct 26, 2012
by Thomson Reuters
Oct 26 (Reuters) - U.S. electric companies from Maine to  Florida are preparing for heavy wind, rain and flooding that  could take down power lines and could close some East Coast  nuclear plants early next week when Hurricane Sandy comes  ashore.      There are more than a dozen nuclear plants near Hurricane  Sandy's path in North Carolina, Virginia, Maryland, New Jersey,  Pennsylvania, New York and Connecticut, providing power to  millions of customers in the region.       The following lists the nuclear reactors and utilities in  Sandy's potential path.         Plant                 State              Size    Company                                           (MW)                                                                         Brunswick             North Carolina     1,858   Duke                                                                      Surry                 Virginia           1,638   Dominion                                                                     North Anna            Virginia           1,863   Dominion                                                                     Calvert Cliffs        Maryland           1,705   Constellation                                                                     Salem                 New Jersey         2,332   PSEG                                                                     Hope Creek            New Jersey         1,161   PSEG                                                                     Peach Bottom          Pennsylvania       2,244   Exelon                                                                     Limerick              Pennsylvania       2,264   Exelon                                                                     Three Mile Island     Pennsylvania        805    Exelon                                                                     Susquehanna           Pennsylavnia       2,450   PPL                                                                     Oyster Creek          New Jersey          615    Exelon                                                                     Indian Point          New York           2,063   Entergy                                                                     Millstone             Connecticut        2,102   Dominion                                                                     Pilgrim               Massachusetts       685    Entergy                                                                     Seabrook              New Hampshire      1,247   NextEra                                                                     Vermont Yankee        Vermont             620    Entergy           (Reporting By Scott DiSavino; Editing by Bob Burgdorfer)

 


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