American politicians are finally getting the courage to tackle entitlement spending. For months Congress has been the scene of political theater on par w/the Greek tragedy playing out in Europe.
The latest installment in the political saga comes courtesy of McKinsey, the giant consulting firm that recently published a report that under ObamaCare, 1/3 of all US employers would drop health care coverage. The findings have resulted in a media frenzy by the insurance industry and Congress. Questions over the methodology, sample size, and types of questions are being raised.
The bottom line: Entitlement spending is a vaunted pillar of political spending. But it is coming under increasing attack by budget hawks. A recent survey by McKinsey has thrown more fuel to the fire. For now, there are more questions than answers.
Wednesday, June 22, 2011
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