Volume XX No.13: March 27, 2015 |
Just before leaving for a two-week recess, the House passed a bill aimed at permanently solving a long-standing budget challenge. A failed effort to rein in rising Medicare costs from nearly two decades ago led Congress to repeatedly enact one or two year \”patches\” preventing scheduled payment cuts for Medicare providers. The new legislation gets rid of that pesky inconvenience, but it’s hard to see this as a fiscally responsible solution to a long-vexing problem. Instead it’s the most recent instance of Washington being incapable of making tough decisions.
This post was imported from a legacy archive. Please excuse any formatting inconsistencies.