FROM NCPA
HEAD: AMERICA'S HEALTH CARE SYSTEM TO SOON BE UNSUSTAINABLE
Recent remarks by Federal Reserve Chairman Ben Bernanke that healthcare
spending will continue to be the largest component of overall consumer
spending -- and is expected to keep rising -- are being cited by the
National Center for Policy Analysis (NCPA) as proof that the national
healthcare situation will soon be unsustainable.
The think tank also believes that the political solution of "universal
healthcare," embraced by some presidential candidates, will not
necessarily
ease that problem.
According to Devon Herrick, a senior fellow and health economist with the
NCPA:
Medical spending and price increases are rising exponentially more than
national income or the rate of inflation.
Most notably, the reform proposals of Sens. Obama (D-Ill.) and Clinton
(D-N.Y.) would only aggravate the issues.
"Senator Obama's plan would not really change the path we're on. It would
merely put more people into coverage," adds Herrick.
By contrast, says Herrick:
Sen. McCain's (R-Ariz.) plan is the most radical, and would actually
change
the tax subsidy for health insurance, by equalizing it.
McCain's plan would give everyone a uniform tax credit of $2,500 per
individual or $5,000 per family, regardless of whether you got your
coverage
through work or individually.
Many of the proposals are trying to achieve universal coverage by making
health care more affordable, but they would actually drive up the cost by
increasing mandates and regulations on insurances, explains Herrick.
Indeed, both plans by Sens. Clinton and Obama would require more
bureaucracy
and government oversight.
Source: Ed Thomas, "America's Health Care System To Soon Be
Unsustainable,"
OneNewsNow.com, July 5, 2008.
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The capitalist free market and competition are the only ways to solve any
healthcare "crisis" in this country. Think the bozos would learn that!
Dionysus
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