Wednesday, December 8, 2010

Escherian Finances



Not too long ago, Republicans were complaining that billions were being taken out of Medicare to pay for a new entitlement (subsidies for low income people buying insurance in new health insurance exchanges).

Today we learn that Senate Republicans and Democrats have agreed on a novel way to deal with the perennial problem of finding money to prevent Medicare physician reimbursements from going down next year: by taking billions out of that new entitlement and funneling it back into Medicare.

I went with the Escher "Drawing Hands" analogy because it comes with a nice visual but truly the first reference that came to mind was Milo Minderbinder's economics. That said, in its strange way, this all does make sense.

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