Health Care, Obama Style
I tend to think the new health care system will have less impact on the quality and availability of health care than is supposed by free market proponents. I think that the current state of our health care system is already so far removed from the free market, that the problems of decreased quality and availability, as occur with any socialized system have already been present in our system for quite some time. The only difference is that the "socialization" we experience at present is controlled by a consortium of insurance companies and the AMA as opposed to the federal government.
That said, it will still be disastrous as it simply can't be afforded. It will undoubtedly cost much more than is projected and we undoubtedly cannot afford yet another huge entitlement program. I've yet to see exactly how it will be funded but I've heard hints at raised taxes, at least to corporations. In a time of economic contraction this cannot bode well for the economy at large. And the added debt will have its own consequences as well.
All in all, we Americans are getting what we deserve for continuing to elect Democrats and Republicans. It will be interesting, and probably painful, to see how it all plays out.
Print This Post
Pages
Contributors
Powered by Authors WidgetRecent Posts
- Predicting the Future
- Keeping Up the Illusion
- Following the Advice of the Gallactically Stupid
- Americano Moderno Fascismo
- Stranger than Fiction
Archives
Categories
- Christianity
- Culture & Arts
- Current Events
- Daily Reading
- Economics
- European Union
- Media
- Poetry
- Police Abuse
- Politics
- Society
- Sports
- Uncategorized
- United States
Blogroll
Tools
RGD
- New York Fed Sees New Central Bank Role in Fighting Asset Bubbles Carlton Smith
- ADP National Jobs Report for March 2010 Carlton Smith
- February Flat for Income and Outlays Carlton Smith
- Unemployment and GDP Carlton Smith
- 4 Week Treasury Bills Carlton Smith
T21
- Ode to an S-Hook Taylor Graham
- Bolero Elena Malec
- Clouds Liu Hong-ping
- Neighborhood Walk John Grey
- Camera Obscura Tony Renner
Poetry
- Serenity Carlton Lloyd Smith
- The Morning Star Carlton Lloyd Smith
- American Dream Carlton Lloyd Smith
- Black Sheep Carlton Lloyd Smith
- Tijuana Carlton Lloyd Smith
March 22nd, 2010 - 10:12
Raising taxes for already struggling corporations? Wouldn’t that ultimately raise prices for consumers, thereby end up charging us for the healthcare system anyway? Smooth.
March 22nd, 2010 - 10:21
Usually an increase in costs will reflect itself in increased prices, but the deflationary pressure currently on the economic system will likely offset that. However, it will mean less profits, which inevitably will lead to some companies going out of business, and other companies hiring less people, and still other companies trimming their workforce. I think the real effect will be felt in employment numbers. Especially because of a provision that requires companies with 50 or more employees to provide health care. If you have a company in a low profit or low wage sector and you currently have 55 employees it would certainly be a lot cheaper to trim 6 employees than it would to provide health care.
March 22nd, 2010 - 17:40
Very well said Carl, I couldn’t agree more.
March 23rd, 2010 - 08:46
Thanks Matt, much appreciated