OBAMA HEALTH CARE PLAN - A BAD IDEA THEN, A BAD IDEA NOW?
ACCORDING TO VITALIY KATZENELSON (Author of Active Value Investing - Making Money in Range Bound Markets) - It's a fundamentally flawed idea for improving our health care system overall. How can it be better with less doctors and less wonder drugs being produced?
Vitaliy's ContrarianEdge
Obama’s First Econ Lesson
Posted: 27 Apr 2009 09:28 AM PDT
Mr. President is facing the first econ lesson of his presidency. According to a New York Times article Mr. President is trying to figure out what to do with shortage of doctors. He said “we are not producing enough primary care physicians”.
Education is expensive, consumes a lot of time and the payoff is not worth the trouble. This is a very early wake up call on socializing medical care in the US.
The econ lesson? When you lower the price you get less of it. This is a good preview of what will happen to little chemical compounds we call legal drugs that save millions of lives every day if you start instituting price controls to “protect” people from “evil” pharmaceutical companies.
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ACCORDING TO RASMUSSEN REPORTS - the people are against it.
Just 35% of U.S. voters now support the creation of a
government health insurance company to compete with private
health insurers. A new Rasmussen Reports national telephone
survey shows that 50% of voters oppose setting up a
government health insurance company as President Obama and
congressional Democrats are now proposing in their health
care reform plan.
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ACCORDING TO THE Congressional Budget Office - it won't
achieve the fundamental goal of reigning in costs.
WASHINGTON (AP) - Democrats' health care bills won't meet
President Barack Obama's goal of slowing the ruinous rise of
medical costs, Congress' budget umpire warned on Thursday,
giving weight to critics who say the legislation could break
the bank.
The sobering assessment from Congressional Budget Office
Director Douglas Elmendorf came as House Democrats pushed to
pass a partisan bill through committees, while in the Senate
a small group of lawmakers continued to seek a deal that
could win support from both political parties.
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BUT ACCORDING TO OBAMA - we're going to get it whether we
like it or not. I'm sure he'll tell us that EVERY economist
is in favor of what he intends to do. Every economist except
those hired by Congress to appraise whether the plan will
actually work or not.
So, is this the type of change we signed on for, or more of the same hubris and arrogance that was characteristic of the dreaded Bush administration?
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P.S. - LAST BUT NOT LEAST, WE WILL STILL HAVE ABOUT 17 MILLION PEOPLE UNINSURED UNDER THE GOVERNMENT'S PLAN AND THESE ARE THE SAME PEOPLE (GOVERNMENT BUREAUCRATS) WHO BROUGHT COMMAND AND CONTROL HEALTH CARE TO OUR NATION'S SENIOR CITIZENS AND VETERANS. ASK THEM HOW WELL IT WORKS.
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