Critical Condition

Can Newpapers Stop Underreporting the Cost of Health-Care Reform, Please?

That’s economist Donald Marron’s plea. Last night, on his blog, he explains how frustrated he is that newspapers systematically underreport the cost of the Baucus bill. The cost of the bill isn’t $829 billion over the next decade; it’s $904 billion. And as he notes, “Perhaps I am nuts, but I think that policy debates should be informed by actual facts, including about budget impacts. And despite the ease with which I have learned to throw around the word “trillions”, I still think $75 billion is a lot of money.”

Here is where the difference comes from:

Cost of Baucus Bill