Tuesday, September 16, 2008

The ONE thing I agree with Barak Obama about

It's no secret that I am not a fan of Obama. I will do all I can to see to it he is unsuccessful in his bid to be President.

HOWEVER

Sometimes a blind sow finds an acorn.

This is that.
Obama has one program I endorse. His plan for Health Care Reform. There is no question that the health care system we have in the USA is broken. The McCain Plan is flawed. It is centered on Tax benefits. That doesn't work in a non competitive environment that is government controlled.

Here are principles that to me make economic sense:

The big threat to growth in the next decade is not oil or food prices, but the rising cost of health care. The doubling of health insurance premiums since 2000 makes employers choose between cutting benefits and hiring fewer workers.

Rising health costs push total employment costs up and wages and benefits down. The result is lost profits and lost wages, in addition to pointless risk, insecurity and a flood of personal bankruptcies.

- Learning. One-third of medical costs go for services at best ineffective and at worst harmful.

- Rewarding. Doctors and hospitals today are paid for performing procedures, not for helping patients. Insurers make money by dumping sick patients, not by keeping people healthy.

- Pooling. The
Obama plan would give individuals and small firms the option of joining large insurance pools. With large patient pools, a few people incurring high medical costs will not topple the entire system, so insurers would no longer need to waste time, money and resources weeding out the healthy from the sick, and businesses and individuals would no longer have to subject themselves to that costly and stressful process.

Preventing. In today's health-care market, less than one dollar in 25 goes for prevention, even though preventive services -- regular screenings and healthy lifestyle information -- are among the most cost-effective medical services around. Guaranteeing access to preventive services will improve health and in many cases save money.

- Covering. Controlling long-run health-care costs requires removing the hidden expenses of the uninsured. The reforms described above will lower premiums by $2,500 for the typical family, allowing millions previously priced out of the market to afford insurance.

You will want to read the whole article. While it is partisan opinion, this is an area where McCain needs to get religion.

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