Thursday, June 9, 2011

The Problems with Obamacare

Healthcare reform has been a hot topic of debate ever since the 2008 Presidential election. Much rhetoric has passed back and forth between the two political parties, the insurance industry and other parties involved in the healthcare industry. It is this blogger's opinion that everyone is missing the most important issues which are controlling the spiralling costs of healthcare and health insurance premiums. Until these two issues are resolved, everything else is secondary.

The current political party that controls the final votes on any legislation believes that health insurance should be a right rather than a privilege and that the government should play a major part in executing the healthcare and health insurance in this country. The major problem with this is that our government is facing a trillion dollar deficit balance at a time when millions of "baby boomers" are set to enter the age of Medicare. Medicare will not be able to financially support this new infusion of "retirees" and is already in dire straits financially. The question here is how can a government with a huge deficit balance in a poor economy take on such an arduous task.

As important as finding a way to execute affordable health insurance for the majority of Americans is finding a way to control the costs of healthcare. There is no transparency to costs, and something has to be done in order to create affordability. There are no easy solutions to these problems, however it would be a major step in the right direction if the politicians, the insurance executives, the pharmaceutical companies and the medical practitioners could sit at the same table working out solutions rather than continually sniping at each other as adversaries. The U.S. is facing a major financial crises in health care, and steps need to be taken toward compromise and execution of plans and programs that have a realistic chance of working. Unfortunately, this is not happening as I write today.

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