Wednesday, May 13, 2009

This is what I have been saying all along about government run healthcare.

Ill-Conceived Taxes
By INVESTOR'S BUSINESS DAILY | Posted Wednesday, May 13, 2009 4:20 PM PT

Health Care: Many question how the high cost of government-run medical care available to all can be paid for. No problem. Just raise federal revenues by making consumer goods cost more.

And don't forget tax-exempt employer-provided health care benefits. That's a rich source of untapped government revenues if lawmakers take away the tax-exemption status.

Washington, at least the left side of the swamp, is determined to provide universal health care whether or not we need it, want it or can even afford it.

Make no mistake, the cost will be steep. The Lewin Group, a health care consulting firm, has estimated that universal medical care will require roughly $1.5 trillion to $1.7 trillion over 10 years.

Len Nichols, an economist who heads the health policy project at the New America Foundation, has issued similar findings. He figures that the cost of guaranteed coverage will run $125 billion to $150 billion a year.

Projected costs of government programs, particularly entitlements, are always low. Medicare loses $60 billion each year, roughly half of one analyst's annual cost of health care for all, due to fraud.

But even if those estimates are accurate, there's still the problem of funding a program for which a single dollar has yet to be appropriated.

Rather than cut back on other programs, the Washington solution is to raise new taxes. To fund health care, the Senate Finance Committee is thinking about placing levies on soft drinks, alcoholic beverages, cigarettes, health savings accounts and junk food, and taxing, for the first time, employer-provided health care benefits.

The public needs to understand that it will be paying more for goods and services in return for national health care. Grocery bills will be higher; that bottle of wine that should go with dinner might have to be left on the store shelf instead; a cold Coke on a hot summer day would be a rare luxury rather than a frequent pleasure;guilty indulgences could simply become unaffordable to many.

Americans also need to be aware of the failings of government-run health care in other nations. Disease survival rates in developed countries with nationalized systems tend to be lower than in the U.S., while waiting times are much longer and poor treatment more common.

Higher costs, diminished results. Americans won't like a system that's more expensive and delivers less. But that's what we'll get as long as the public doesn't have a full understanding of how ruinous government-run health care is.
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This article is for all the people who seem to think that socialist run healthcare is ok. ITS NOT and it doesn't work, but I am guessing we are gonna have to find that out the hard way. I just hope we will be able to undo the damage when that time comes.

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