Wednesday, March 31, 2010

Times columnist: Death panels will save 'a lot of money'

Paul Krugman tells 'Roundtable' economists agree it's 'going to be major'

Left-leaning New York Times economic columnist Paul Krugman says the so-called "death panels" established by President Obama's trillion-dollar nationalized health-care plan will end up saving "a lot of money" for the government.

The comments from Krugman, who also writes on the New York Times blogs, came during a discussion of "Obamacare" on the ABC News Sunday program "This Week

"People on the right, they're simultaneously screaming, 'They're going to send all the old people to death panels,' and 'It's not going to save any money,'" he said.

Another panelist interjected, "Death panels would save money," to which Krugman responded:

"The advisory panel which has the ability to make more or less binding judgments on saying this particular expensive treatment actually doesn't do any good medically and so we are not going to pay for it. That is actually going to save quite a lot of money. We don't know how much yet. The CBO gives it very little credit but, but most, most of the health care economists I talk to think that's going be a really, uh a really major cost saving."