Monday, April 13, 2009
Health Care Reform Now!
This article provides some absolutely stunning data about the state of our health care system after the last eight years. The price of health care has risen fully 6 times more than wages have since 1999 while the average contributions paid by both employers and employees have doubled. This system is not only unjust, it's costing American business, consumers, and government far more than any benefits we are supposed to be receiving from competition in the marketplace. Our present private system is wasteful from a pareto efficient standpoint not to mention the obvious inequities in creates between have and have nots. Even if a public system were to pay the same rates to doctors and hospitals that private payers do, which would likely be unnecessary in a universal system, there would still be a 9% cost savings based on a more efficient delivery of services. Ridiculous.
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