This blog reviews some important points about Obamacare that most voters don't understand.
Prior to Obamacare, we were spending 17% of our GNP on medical. That means that we spend much more than any other country in the world. For that money, we do not get better out comes than countries that spend much less. In terms of life expectancy, we are about 40th. There is the feeling among the voters that there is no limit to what we could and should spend on medical. Voters never stop to think that, "we are not rich". We have financial limits. We are not the richest country in the world!!
The insurance rates for Obamacare were calculated based on the cost when we were spending 17% of our GNP on medical, but, for some reason, the insurance companies didn't take into account the inflation factor that Obamacare would cause. Remember what happened to the cost of college when the government poured billions of extra loan dollars into the college system? College costs went up just like medical cost have. I worked my way thru college, but I could not do it today given the inflated costs. My family also paid for their medical care in the past, but with the inflation caused by Obamacare, we can no longer afford to do that. Interesting isn't it?
The latest news is that the insurance cost for Obamacare are going up by an average of 25%. That means we will be spending more than the original 17% of GNP for medical. Using my 4th grade math, I calculate that we will now be sending 21.25% of our GNP on medial. If you understand this critical point, then we have to cut an equal amount out of what we spend of our GNP on other things. For the median family, it means that they will have to cut their standard of living cost by $2,125 from their $50,000 income. If families are spending more for medical, it means they will be spending less of things like new cars, homes, clothing and food. Obamacare is going to cause a serious decline in our economy. If the government raises the minimum wage as a solution, it will mean fewer jobs and a downward spiral from there. With our national debit at 20 trillion dollars, there will be no money for things like infrastructure. Remember Obama's "shovel ready" projects?
If you look at the basic concept of Obamacare, it was to dictate from Washington DC how we were going to pay for our medical care. Obamacare only added cost as you can now clearly see. If we were serious about the cost of medical care, we would have looked at ways to make it cheaper and we did not do that. The bottom base line on medical is a system where everyone makes their own individual decisions about medical care and pay for it with their own money. That is the way it worked for thousands of years. The farther away from that simple model, the more medical care is going to cost and that is Obamacare.
We all know that you can drive down to Mexico and get dental and medical services cheaper than here in the USA. The same is true for India. For most serious medical procedures, you can pay the air fare and still come out ahead. I stayed at the home of the minster of health of Punjab India a few years ago and know this first hand. You can go into any drug store in India and get a scan to find the sex of your expected baby for less than $10. Here in the USA, it is going to cost several hundred dollars. That is just an example and we are not doing anything about it. In most countries of South America, you don't need a perscription before you buy needed drugs. Here in the USA it will cost you more for the doctor to write the perscription and it costs for the drugs. If you watch TV, you will see all the advertisements by Lawyers to save you from bad doctors. Based on how much money the lawyers extort out of the system, you would think that we have the worst doctors in the world when, in fact, we have most of the best.
Getting a little long. Wake up!!
Prior to Obamacare, we were spending 17% of our GNP on medical. That means that we spend much more than any other country in the world. For that money, we do not get better out comes than countries that spend much less. In terms of life expectancy, we are about 40th. There is the feeling among the voters that there is no limit to what we could and should spend on medical. Voters never stop to think that, "we are not rich". We have financial limits. We are not the richest country in the world!!
The insurance rates for Obamacare were calculated based on the cost when we were spending 17% of our GNP on medical, but, for some reason, the insurance companies didn't take into account the inflation factor that Obamacare would cause. Remember what happened to the cost of college when the government poured billions of extra loan dollars into the college system? College costs went up just like medical cost have. I worked my way thru college, but I could not do it today given the inflated costs. My family also paid for their medical care in the past, but with the inflation caused by Obamacare, we can no longer afford to do that. Interesting isn't it?
The latest news is that the insurance cost for Obamacare are going up by an average of 25%. That means we will be spending more than the original 17% of GNP for medical. Using my 4th grade math, I calculate that we will now be sending 21.25% of our GNP on medial. If you understand this critical point, then we have to cut an equal amount out of what we spend of our GNP on other things. For the median family, it means that they will have to cut their standard of living cost by $2,125 from their $50,000 income. If families are spending more for medical, it means they will be spending less of things like new cars, homes, clothing and food. Obamacare is going to cause a serious decline in our economy. If the government raises the minimum wage as a solution, it will mean fewer jobs and a downward spiral from there. With our national debit at 20 trillion dollars, there will be no money for things like infrastructure. Remember Obama's "shovel ready" projects?
If you look at the basic concept of Obamacare, it was to dictate from Washington DC how we were going to pay for our medical care. Obamacare only added cost as you can now clearly see. If we were serious about the cost of medical care, we would have looked at ways to make it cheaper and we did not do that. The bottom base line on medical is a system where everyone makes their own individual decisions about medical care and pay for it with their own money. That is the way it worked for thousands of years. The farther away from that simple model, the more medical care is going to cost and that is Obamacare.
We all know that you can drive down to Mexico and get dental and medical services cheaper than here in the USA. The same is true for India. For most serious medical procedures, you can pay the air fare and still come out ahead. I stayed at the home of the minster of health of Punjab India a few years ago and know this first hand. You can go into any drug store in India and get a scan to find the sex of your expected baby for less than $10. Here in the USA, it is going to cost several hundred dollars. That is just an example and we are not doing anything about it. In most countries of South America, you don't need a perscription before you buy needed drugs. Here in the USA it will cost you more for the doctor to write the perscription and it costs for the drugs. If you watch TV, you will see all the advertisements by Lawyers to save you from bad doctors. Based on how much money the lawyers extort out of the system, you would think that we have the worst doctors in the world when, in fact, we have most of the best.
Getting a little long. Wake up!!
