Skip to comments.Health care plan vows savings, no word on costs
Posted on 06/11/2009 7:41:25 AM PDT by SmithL
Last week, White House chief economist Christina Romer told reporters that there are "billion-dollar bills lying on the sidewalk" in America's health care system - apparently there for the taking if only Washington would show the will to pick them up.
As a presidential candidate and now as president, Barack Obama has promised both universal access to health care and big savings to taxpaying households. That doesn't make a lot of sense because usually when you buy more of something, the price tag increases, but Washington seems not to have noticed.
There's a circular logic to the illogical proposition. Obama's Council of Economic Advisers (headed by Romer) issued a report June 2, "The Economic Case for Health Care Reform," that concluded: "The central finding of this report is that genuine health care reform has substantial benefits." You have to marvel at the ability of political staffers to congratulate themselves on great successes even before their plan has been adopted.
The report does a fine job of outlining the arguments in favor of containing health care costs. Every year, the rise in these costs eats more out of workers' paychecks. For some readers, premium inflation means that their take-home pay cannot keep pace with inflation and thus they are effectively suffering a pay cut. To make matters worse, many employees also are paying higher co-payments for health care. Obviously, if Obama can put the brakes on this runaway health cost train, workers, employers and taxpayers will benefit.
But can he make health care universal - that is, expand health care coverage to more Americans - and still save taxpayers money without cutting back on the level of care that most Americans now enjoy?
(Excerpt) Read more at sfgate.com ...
It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one.The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher.The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower. The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel. The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town prostitute that in these hard times, gave her service on credit. The hooker runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there. The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything. At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town.
No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism.And that, ladies and gentlemen, is how the United States Government is doing business today.
And if that doesn’t scare the hell out of you then you are brain dead! VOTE THEM ALL OUT, they’re destroying our country.
By the time Bernanke, Geither, Obama and the Dems in Congress are done, there will literally be billion-dollar bills in circulation.
First do the numbers. 330 million people. It now costs about $1,000.00+ a year for health insurance per person. My calculator doesn’t go that high. Now ask how this will be payed for. How many people pay taxes? Divide that number into the cost and you will see how much your taxes will be.
Employer-provided health care is a "tax break".
Liberal Health Care savings will come from killing off as many Americans as possible over 60 by denying care thus reducing Social Security costs.
Absolutely true. Baby boomers alert.