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The magic of financing healthcare reform

New York Times, November 2, 2009

A good part of the cost of healthcare reform—perhaps as much as half—will be financed with budgetary "funny money" rather than with actual cash on hand obtained by taxing American households or enterprises, says New York Times columnist Uwe E. Reinhardt. The savings are estimated by the Congressional Budget Office in the form of deviations from a baseline forecast for the federal budget for the relevant budget period, Reinhardt says.