Summary
President Obama, asserting that fixing health care will help revitalize our economy, has proposed a blended public/private solution that he contends will not only avoid the pitfalls of Medicaid and Medicare but simultaneously save Americans money. Conservatives counter Obama is capitalizing on a bad economy to garner support for a government solution to health care that is doomed to crowd out private capital, stifle innovation, send practitioners into retirement and eventually bankrupt the country. So who are we to believe? Is this "change we can believe in" or the same old "call it what it isn't" politics?
There's little historical perspective as to whether Obama's quasi- socialist theories will work with America's health care other than the fact that incrementally moving the consumer further away from the buyer/seller relationship, as the third party insurance system has done and a government-run system surely would do, has been one of the primary forces behind the steady price increases of health care. However, there are also some similar examples with common threads from efforts in other sectors of our economy.See the full content of this document
Extract
Government Solution Often Worse Than Problem
With the crisis in banking, the auto industry and the overall economy, we were told huge federal bailouts were necessary. Federal money would unfreeze private credit markets, keep auto industr...
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