Fed Study Suggests A Central Idea Underlying Obamacare Is Wrong

“A core idea at the heart of President Obama’s healthcare reform law is the notion that while expanding coverage is expensive, there are huge offsetting savings to be had from reforming how medicine is practiced by doctors and hospitals. Who knows, maybe a third of the $2.7 trillion spent on healthcare is wasted… And if that research is wrong? Well, then we have a problem. And a paper from a Federal Reserve economist suggests just that.”