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Paul Van de Water, one of the top budget wonks at the Center on Budget and Policy Priorities, has a worth-reading post at Off the Charts this morning.

“Medicare and Medicaid spending per beneficiary has grown less rapidly than costs for private health insurance in recent years, as we have previously pointed out.  (See here and Figure 1 here.)

This favorable trend is projected to continue for at least the coming decade, according to a new article in The New England Journal of Medicine.  These data belie the claim that spending for Medicare and Medicaid is “out of control” and that the programs must be fundamentally restructured by adopting Medicare premium support or converting Medicaid into a block grant.”

And here’s his chart illustrating this reality:

You can read the entire post by clicking here.

 

Those trying to make sense of the current self-inflicted national “crisis” surrounding the national debt and the topsy-turvy economy would do well to make economist Dean Baker’s blog, “Beat the Press” a regular part of their daily web surfing.

Although the blog is chiefly dedicated to the mistakes of the media in covering fiscal and economic issues (Baker writes books and longer essays that can be found at the Center for Economic Policy Research), it rarely fails to provide useful insights into the issues on which he’s taking reporters and editors to task.

Consider, for example, these two pieces from early this morning in which Baker skewers NPR and the New York Times for their lackluster, “common wisdom” reporting and “analysis.” 

This is a man to whom more people need to listen.