10 June 2009
Health Care and Government Intervention
Posted by Joy Bischoff under: Health .
Peter Anderson sent me an article about health care. I wanted to share a little with you. How disturbing to learn that our out of control health care costs began to get out of hand when the government got involved. I feel as if I should have realized this before. I have seen many instances of padding the bill by some in the medical community. So the solution that is being peddled is a huge dose of the same poison that got us into this situation.
Obama’s Health Cost Illusion
The President’s main case for reform is rooted in false claims and little evidence.
What if this particular theory turns out to be a political illusion? What if the speculative cost savings never report for duty, while the federal balance sheet is still swamped with new social obligations that will be impossible to repeal? The only possible outcome will be the nationalization of U.S. health markets, which will mean that almost all care will be rationed by politics.
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Since Medicare was created in 1965, U.S. health spending has risen about 2.7% faster than the economy and on current trend would hit 20% of GDP within a decade. Every public or private attempt to arrest this climb has failed: wage and price controls in the 1970s, the insurance industry’s “voluntary effort” in the ’80s, managed care in the ’90s.
http://forums.wsj.com/viewtopic.php?t=6157
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