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Is reform of the Health Insurance industry the answer to all our problems?
18 cents of every dollar spent in the USA is spent on health care, and this is rising fast - it will be 20 cents/dollar by 2015, based on current projections.
Canadians, on the other hand, spend about 9 to 10 cents of every dollar.
If we were to adopt the Canadian system today, we'd effectively get an across the board tax cut of 7 to 8 percent. More money that would go back to the people, and could be spent to stimulate the economy or hire new employees.
That's a huge cut by any measure. Apply that to the holy grail of Republican economics (the Laffer Curve) and it's clear to see that this would solve all our economic troubles.
Not to mention - everyone would be insured.
Health Insurer reform - Is this the answer to all our problems?
7 Answers
- #$)&%Lv 41 decade agoFavorite Answer
Maybe not all of them...but a huge chunk. I think energy is a problem that needs to be addressed too, but health care is definitely in the top 3.
- wiesnerLv 44 years ago
never. i could desire to work out the polarity DRAMATICALLY advance between the Nanny Staters that are so desirous to suckle on the Governments ineffectual "bossoms" (i.e.; failure at each social application ever instituted) and the persons who've the tenacity and the desire to apply their freedoms to construct prosperity. we've a STACK of stinking mess united statesin the previous us as an occasion of ways properly social engineering works via our government and yet, you have DROVES of replies indicating an infantile yearning to be a based of greater of the comparable - on a GRAND scale now. Its somewhat sickening. you're real approximately Tort reform - wellbeing mark downs bills have not been given adequate time to make a distinction the two - and reform is needed interior the coverage industry honestly. yet letting the metaphoric equivalent of Wesly Mouch (Ayn Rand Atlas Shrugged) take the reins on a million/6 of our financial equipment alongside with the different repugant hypocrites that embody him is a recipe for apathy and subserviance. returned, i want this divide to advance as DEEP as obtainable - i'm hoping we tear in 2 over this - i'm uninterested with elitist Nanny State condescension and all of the sniveling cronies bantering approximately "Hype and alter". whether we supply up Piglosi or Obama those cretins will save coming except there's a DRAMATIC blunting of the technique - even catastrophic. i've got faith that's what it may take to derail the prosperity demonizers - except we are in a position to stay that nightmare by some form of attrition - yet because of the fact the media and UnHolyWood are already in lock step, hell even Yahoo is onboard the drone practice - the flow of disinformation for this is not in our choose.
- 1 decade ago
Pay 8 bucks less a month in health insurance but your federal and state taxes go up 6 bucks a week so your getting 8 bucks off a month but paying 12 a week to make up for it hmm let me think
- 1 decade ago
Not to mention the quality of care received would improve to match counties like France, Japan Ect. Just stands to reason ,we would get more the $. Drrr
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- *?*Lv 41 decade ago
That is 18 cents of every tax dollar, not every dollar.
Get rid of the fraud, reform the industry and keep the government out of it. As soon as the government gets involved we may see a decrease in payments but our taxes will go up triple what that decrease is.
- Anonymous1 decade ago
It would certainly help matters tremendously.
- Anonymous1 decade ago
Well, the problem I see is a lot of Canadians come across the border to seek medical procedures here. What does that tell you?
Read part of an exerpt below from a Canadian medical student:
"My health-care prejudices crumbled not in the classroom but on the way to one. On a subzero Winnipeg morning in 1997, I cut across the hospital emergency room to shave a few minutes off my frigid commute. Swinging open the door, I stepped into a nightmare: the ER overflowed with elderly people on stretchers, waiting for admission. Some, it turned out, had waited five days. The air stank with sweat and urine. Right then, I began to reconsider everything that I thought I knew about Canadian health care. I soon discovered that the problems went well beyond overcrowded ERs. Patients had to wait for practically any diagnostic test or procedure, such as the man with persistent pain from a hernia operation whom we referred to a pain clinic—with a three-year wait list; or the woman needing a sleep study to diagnose what seemed like sleep apnea, who faced a two-year delay; or the woman with breast cancer who needed to wait four months for radiation therapy, when the standard of care was four weeks.
I decided to write about what I saw. By day, I attended classes and visited patients; at night, I worked on a book. Unfortunately, statistics on Canadian health care’s weaknesses were hard to come by, and even finding people willing to criticize the system was difficult, such was the emotional support that it then enjoyed. One family friend, diagnosed with cancer, was told to wait for potentially lifesaving chemotherapy. I called to see if I could write about his plight. Worried about repercussions, he asked me to change his name. A bit later, he asked if I could change his sex in the story, and maybe his town. Finally, he asked if I could change the illness, too.
My book’s thesis was simple: to contain rising costs, government-run health-care systems invariably restrict the health-care supply. Thus, at a time when Canada’s population was aging and needed more care, not less, cost-crunching bureaucrats had reduced the size of medical school classes, shuttered hospitals, and capped physician fees, resulting in hundreds of thousands of patients waiting for needed treatment—patients who suffered and, in some cases, died from the delays. The only solution, I concluded, was to move away from government command-and-control structures and toward a more market-oriented system. To capture Canadian health care’s growing crisis, I called my book Code Blue, the term used when a patient’s heart stops and hospital staff must leap into action to save him. Though I had a hard time finding a Canadian publisher, the book eventually came out in 1999 from a small imprint; it struck a nerve, going through five printings.
Nor were the problems I identified unique to Canada—they characterized all government-run health-care systems. Consider the recent British controversy over a cancer patient who tried to get an appointment with a specialist, only to have it canceled—48 times. More than 1 million Britons must wait for some type of care, with 200,000 in line for longer than six months. A while back, I toured a public hospital in Washington, D.C., with Tim Evans, a senior fellow at the Centre for the New Europe. The hospital was dark and dingy, but Evans observed that it was cleaner than anything in his native England. In France, the supply of doctors is so limited that during an August 2003 heat wave—when many doctors were on vacation and hospitals were stretched beyond capacity—15,000 elderly citizens died. Across Europe, state-of-the-art drugs aren’t available. And so on.
But single-payer systems—confronting dirty hospitals, long waiting lists, and substandard treatment—are starting to crack. Today my book wouldn’t seem so provocative to Canadians, whose views on public health care are much less rosy than they were even a few years ago. Canadian newspapers are now filled with stories of people frustrated by long delays for care:"