Word: budgeting
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...morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook. He has also taken to penning occasional Op-Ed pieces - today he has one in the Wall Street Journal explaining the Fed's "exit strategy" once it decides it's safe to take the economy off life support...
...taking good care of patients without rewarding doctors for doing more and more and more. That's what the system is currently based on. The more you do, the more you get paid, which is an incentive for inefficiency. (Read "Cutting Health-Care Costs by Putting Doctors on a Budget...
...proposal could hardly come at a worse time for governors. The recession has drained state coffers of tax receipts, even as public need for state safety-net services is growing. According to the Center for Budget and Policy Priorities, at least 48 states are facing shortfalls totaling $166 billion - 24% of their total budgets. Rendell, the outgoing chairman of the NGA, was unable to attend the Biloxi meeting because he had to stay in Pennsylvania and struggle with the legislature to find a way to plug a $3.2 billion fiscal hole...
...seems, could the governors' rebellion have come at a worse time for President Obama's health-care-reform effort, which is being hit from every side by growing doubts. Douglas Elmendorf, head of the Congressional Budget Office, has testified that the legislation thus far has too little cost containment. Senators of both parties are trying to put the brakes on the President's drive to have bills passed by the House and Senate by the August recess. Republicans are calling it a dangerous "experiment." And even the Mayo Clinic - often cited by Obama as the model of what an efficient...
...Congressional Budget Office predicts that the House proposal would add 11 million to the Medicaid rolls, accounting for about a third of the estimated 40 million uninsured Americans who would gain health insurance under the proposal. But there are real questions as to whether the program could handle the strain of that many new clients. Already, it is difficult in some areas to find health-care providers who are willing to accept Medicaid patients. Governors warn that unless they increase the amount that Medicaid reimburses doctors and hospitals - and, with it, the cost of the program - the supply of providers...