"Obamacare's Financial Unraveling; Predictable and Predicted"

Started 10 months ago | Discussions thread
Sante Patate
Senior MemberPosts: 3,639
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Government Cost vs Health Care Costs
In reply to RBFresno, 10 months ago

RBFresno wrote:

Obamacare's Financial Unraveling: Predictable and Predicted

Most of what the article says is either true or plausible. The point it ignores - deliberately, since this guy is too smart not to have noticed - is that the more the Government has to contribute so that people can get health insurance and care paid for by insurance, the more clearly the failure of the current system is demonstrated.

The argument goes like this: (a) there is an undisclosed gap in health care funding, and as a result it will cost too much to provide even the limited health insurance for most people proposed by Obamacare, and (b) once the system is in place there will be political pressure to spend more to provide less limited care for more people.  This will increase the deficit.  (We are left to assume increasing the deficit to fund health care is a bad thing, although the author does not tell us why - again, deliberately, because he is too smart not to know it isn't).

There are certainly inefficiencies in the ACA system, compared to a single-payer system, but they are much less than those in the current system.  So, nearly all of the extra money the Government pays is going to provide health care - immunisations, and ante-natal care, and treatment of high blood pressure and diabetes.  How is that a bad thing?  What possible justification can there be not to do that - on economic grounds, if compassion is not enough reason?

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