Will Obama be so bold? In the campaign, he proposed more, not less, health spending. It’s easier to embrace the rhetoric of change than change itself.
By Robert J. Samuelson
The Washington Post
Barack Obama talked somberly last week about getting the federal budget under control once the present economic crisis has passed. To do that, he’ll have to confront the rapid growth of health spending, which in 2007 was already a quarter of total federal spending of $2.7 trillion. If Obama is serious, he should read a fascinating study from the McKinsey Global Institute, the research arm of the famed consulting company.