President Obama stated in a recent speech to Congress that his health care plan has three objectives. He said, “It will provide more security and stability to those who have health insurance. It will provide insurance to those who don’t. And it will slow the growth of health care costs for our families, our businesses, and our government.”
While in general I can agree with these objectives, I think the current health care proposals from the President and Congress place an emphasis on the first two objectives – to provide security and insurance for all – and place the third objective as an afterthought – that of reducing costs. In fact, I believe the current proposals all will increase costs, especially in the long run.
The emphasis should be to reduce health care costs first. Doing so will help to provide stability for those who currently have health insurance as well as make it easier to insure the uninsured because of the lowered cost. There is plenty of room for reducing costs with many areas that should be addressed. Let’s not pass legislation that does everything it can to provide insurance for all without addressing the biggest concern – dramatic increases in health care expenses. Doing so will run us bankrupt because sooner or later someone will have to pay for the ever increasing costs. Remember that whether it is the government, businesses, insurance companies, health care providers, or consumers who pay for the costs up front, the cost will eventually come back to the consumer via higher taxes, higher fees, or lower wages.
There are many areas of discussion regarding health care cost reduction which will be covered in future posts.
Filed under: National Health Care Reform |