Thursday, June 26, 2008

Federal Reserve-Like Board

Interesting story in the NY Times last week that I only saw today.

Some of the highlights are:

The Senate had a daylong bipartisan symposium to lay the groundwork for what leaders of both parties predict will be a major push for health care legislation next year.
Senator Max Baucus, a Montana Democrat who is chairman of the the Senate Finance Committee suggested that “some kind of federal health board” could help Congress make technical policy decisions. “How in the world am I supposed to know what the proper reimbursement rate should be for a certain procedure?” he asked. Mr. Bernanke said Congress could establish an independent health care panel like the one used to recommend the closing of military bases. Congress, he said, could approve or reject the panel’s recommendations, but not amend them.



Sound familiar??
Gil

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