Thursday, March 18, 2010

Crunch time (again?) for Health Care Reform

We are back again to the same old Health care reform. I am sure it is extremely important to many people (including me) but the amount of time that is being expensed on this one item since last year is becoming ridiculous. Really why it is getting so much difficult to get this done with. I can understand that it is one sixth (or whatever) percentage of our huge economy. But health care costs I believe will continue to rise no matter what kind of legislation is passed. We can make little or some adjustments to what we are currently having and we may add more people to it but the premiums are not going to remain static unless the Federal Government wholly takes over the entire health care system.

That is not probably is going to happen here as compared to Europe and other countries since we are not yet ready to embrace higher taxes and accept more bureaucracy and red tape in our system. Individualism and independence is alive and well in the United States and people are already grumbling about too much government (but surprisingly not so in the health care sector). As you may have already know that the Medicare and Medicaid system is well on its way to insolvency unless we dramatically increase taxes or reduce benefits (as mentioned countless times by me in my previous posts) and this is what we are going to get latter on in our lives with this new health care bill. I still do not believe that we will be able to manage this bill without significantly adding to the deficit if we do not increase taxes and we will have to do it sooner or later. I am not sounding an alarm here but that is what I am seeing into the future. Correct me if I am wrong.

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