Posen Says Health-Care Bill Will Be Huge Hit to Economy

The transcript discusses the challenges of scoring a bill, highlighting the nonpartisan efforts of the CEO amidst tight deadlines and limited information from Congress. It predicts the bill will negatively impact real wages, increase healthcare inflation, and strain the economy, without generating net revenue gains. The discussion also covers the sustainability of the system, potential revenue losses, and the effects of inflation on economic growth, emphasizing that while inflation can have some benefits in a zero-growth scenario, it generally erodes real incomes and increases costs.

What are the potential effects of the bill on real wages in the country?

How might the proposed changes affect healthcare inflation?

What are the implications of increased emergency room visits on the economy?

In what ways could the federal government's outlays on Medicare and Medicaid change?

Discuss the relationship between inflation and real incomes as mentioned in the text.