January 24, 2006

The President Explains it all for You

I've recently noted how screwed up this Medicaid/Medicare switch is getting, especially for people with mental illness. Here's an excerpt from a recent Dubya Q&A, wherein Bonzo II tries to explain benefits indexing to an audience member. If the President is this confused about his own creation, then it's no wonder this affair has gotten so fouled up. Take it away, Dubya:

Woman: "I don't really understand. How is the new plan going to fix the problem?"

President Bush: "Because the--all which is on the table begins to address the big cost drivers. For example, how benefits are calculated, for example, is on the table. Whether or not benefits rise based upon wage increases or price increases. There's a series of parts of the formula that are being considered. And when you couple that, those different cost drivers, affecting those--changing those with personal accounts, the idea is to get what has been promised more likely to be--or closer delivered to that has been promised. Does that make any sense to you? It's kind of muddled. Look, there's a series of things that cause the--like, for example, benefits are calculated based upon the increase of wages, as opposed to the increase of prices. Some have suggested that we calculate--the benefits will rise based upon inflation, supposed to wage increases. There is a reform that would help solve the red if that were put into effect. In other words, how fast benefits grow, how fast the promised benefits grow, if those--if that growth is affected, it will help on the red."

Doesn't this guy have an MBA from Harvard?

Posted by Philip Dawdy at January 24, 2006 01:53 PM
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Comments

it's sad. he is sad. i should not be laughing, but i am.

Posted by: kim at January 24, 2006 04:14 PM

the guy is amazing...and depressing.

Posted by: Dawdy at January 24, 2006 04:25 PM

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