health care obama biden

Today the Whitehouse, via Vice President Joe Biden, are going to announce that hospitals are agreeing to $110 billion in cost savings over the next ten years.  A few weeks ago, the Obama administration also announced that they were going to save $80 billion a year in health care costs through concessions from pharmaceutical companies.  What is notable, is that these "agreements" are non-binding and won't be until Congress writes a law that is passed and is signed by President Obama. 

This sort of celebration is akin to the mark-to-market accounting practiced by Enron and other vilified businesses where they booked future profits as current revenue even when no money had actually been made.  Anyone who has been part of the legislative process knows that any non-binding agreement laid out between the Administration and industry groups now will inevitably be changed (and likely weakened) on Capital Hill. 

Those opposing the administration on health care need to highlight these fake announcements and show the world that the like Enron, these press conferences do not provide any actual cost savings to any actual Americans over any timeframe.