Thursday, July 26, 2007

Beltway Accounting

Other than a boy scout adventure over 38 years ago, I've never been to Washington D.C.

One of the more memorable individuals I've met in my life was a professional diner.  His job was to invite "friends" out to dinner.  Invariably the meal would be at a fairly nice resteraunt, also invariably, an industry rep, who was also a friend, would coincidentally be at the next table, and a lovely pitchfest, oops, conversation would ensue. 

Just look at the following title, "In a July 25 report on the Children's Health and Medicare Protection Act, the Center on Budget and Policy Priorities found that"

Don't you just love the tite of this legislation, "Children's Health and Medicare Protection Act"?  What is next, the "Fuzzy Puppy that Licks you in the face for Freedom Terrorist Torture Act"? 

Then we get down to how this legislation is going to be paid for,

"The costs of the House bill are financed in part through a reduction in overpayments that Congress' expert advisory body on Medicare and the Congressional Budget Office have found are being made to private insurance companies participating in Medicare"

Did they actually put that in print?

 This program is going to be financed by actually not overpaying insurance companies that are charging us too much?  I think that if you asked people in Peoria about the above statement they would say that overcharging the government for Medicare payments is medicare fraud.  

Can't say it enough no one cared about your money more than you do.