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Health Care for All or Socialized Wall Street Firms?

how many years of National Health Care could have been paid for by the welfare we just paid to Wall Street.

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  • Favorite Answer

    TOO MANY! But as far as I'm concerned EVERY American should be given their shares of Fannie Mae, Freddie Mac, AIG and Bear Stearns. OUR tax dollars bailed them out, so we own them. It's time these giant Corporations realized they can NOT keep privatizing their profits while socializing the risk and expecting the US government to bail them out with OUR tax dollars.

    Now as far as Universal Health Care goes...

    Please support HR 676

    What Is National Health Insurance (NHI)?

    To begin with, it is NOT “Socialized Medicine”, far from it in fact. Also, it does not mean that our medical system will be taken over by the government and run like the post office as many of our opposition friends would mistakenly have you believe.

    Basically, House Resolution (H.R.) 676, the “New Expanded Medicare” bill now in sub-committee in the House of Representatives simply creates a new and far more functional “single payer” method of paying for medical services while leaving the medical system itself completely alone and intact. This will eliminate the hundreds of complicated and redundant payment plans currently imposed on the system by private “for profit” health insurance companies and save literally BILLIONS of dollars every year by eliminating such wasteful duplication. This will allow your doctors offices and hospitals to function much more efficiently and serve your needs much more effectively as well. Just imagine what a huge benefit this will be!

    Taxes: We all know that nothing of any real value is ever free, but if you think of the taxes that will be required to support national health insurance as simply a lower cost alternative to the staggering private health insurance premiums that most of us already have to pay but which will be totally eliminated under the new system, then it becomes immediately clear that this could be a really good deal after all!

    Check out some of the tremendous benefits that NHI will bring and see what you think:

    Every resident of the US will be covered from birth to death.

    No more pre-existing conditions to be excluded from coverage.

    No more expensive deductibles or co-pays.

    All prescription medications will be covered.

    All dental and eye care will be included.

    Mental health and substance abuse care will be fully covered.(1)

    Long term and nursing home services will be included.

    You will always choose your own doctors and hospitals.

    Costs of coverage will be assessed on a sliding scale basis.

    Tremendously simplified system of medical administration

    Total portability – your coverage not tied to any job or location.

    Existing Medicare benefits for those over 65 will remain the same or be vastly improved in many cases.

    The real irony is that this new system will be a lot less expensive and provide much better services than the largely dysfunctional system currently in place and still leave us with the best health care system in the entire world, only with the New Medicare… it will be even better!

    Don’t be put off by all of the misleading and often inaccurate rhetoric that you so often hear about changing our system. For example uninformed critics will ask “Do you really want your medical decisions made by some government bureaucrat in Washington DC ?” Well, the truth is that with NHI, just about every medical decision will be made privately by you and your doctor. But ironically, under the current system, many medical decisions about what’s best for you are now being made by some corporate bureaucrat working for a private insurance company whose main concern is making larger profits by denying your claims. How exactly does that work out to be better for you??

    Change is indeed often a very scary thing to most people, but when the need is so great and the proposed changes are so much better than the status quo, maybe changing to a NHI system in the USA is something that we can all think about supporting, whether you are a moderate, liberal or conservative, after giving it a lot of careful study and thought. Please call your congressperson and let them know what you think. They really need to hear from you on this issue.

  • 1 decade ago

    0 years because the economy would have (might still) tanked. These huge companies would have had to liquidate their assets, other investors would also sell because they do not want to be left holding the bag. This death spiral would effect all Americans regardless of income levels, foreclosures, employment and retire accounts all would be hammered. This leaves a smaller tax base for the government to collect from to pay for medical care.

  • ?
    Lv 4
    1 decade ago

    We could very easily immunize every child on Earth for everything we have shots for. And still have plenty of money left over for something else. What is wrong with this screwy picture, anyway?

  • Anonymous
    1 decade ago

    You are right. It's sad that our country is bailing out crooks because of their greed. And now we will pay for it. Our country is going bankrupt.

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  • 1 decade ago

    I thought Obama said socialized was the way to go.

    Source(s): Political news
  • jxt299
    Lv 7
    1 decade ago

    Sobering reality.

  • Anonymous
    1 decade ago

    Good point. Sad, but good point.

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